Accounting Dictionary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Accounts Payable

Definition: Accounts payable is an entity's short-term obligation to pay suppliers for products and services, which the entity purchased on credit. Accounts payable appears within the current liability section of an entity's balance sheet.