Explanation: Accounts Payable
Accounts payable are the unpaid bills of the business; the money you owe to your suppliers and other creditors. The sum of the amounts you owe to your suppliers is listed as a current liability on your balance sheet.
Ili još bolja definicija:
Account Payable
An amount owed to a creditor for goods or services rendered.
Explanation: Accounts Payable
Accounts payable are the unpaid bills of the business; the money you owe to your suppliers and other creditors. The sum of the amounts you owe to your suppliers is listed as a current liability on your balance sheet.
Ili još bolja definicija:
Account Payable
An amount owed to a creditor for goods or services rendered.