Accounts Payable (AP) | Definition, How It Works & Example
https://www.financestrategists.com/accounting/introduction-to-accounting/accounts-payable/
WebJun 8, 2023 · Accounts Payable, or AP in its abbreviated form, is a ledger entry made for amounts owed to creditors in the short-term, typically less than a year, on an open account. It is generally recorded as a collection of invoices and promissory notes received from a …
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