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What Is Accounts Payable (AP)?

What Is Accounts Payable (AP)?


What Is Accounts Payable



Accounts payable (AP) are bills to be paid as part of the normal direction of commercial enterprise. This is a well-known accounting term, one of the most commonplace liabilities, which typically seems inside the balance sheet list of liabilities. Businesses get hold of items or offerings from a dealer, get hold of a bill, and till that bill is paid the quantity is recorded as part of “bills payable.”

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