What is accounts payable?
submitted by bhaskar

El CPA

It's a list of accounts that need to be paid off. A large entity will have many suppliers. A hospital will purchase monitoring equipment, beds, syringes, medicine, etc. All the companies that supply those goods will go into the accounts payable. It's basically a list of companies you owe money to.

Arnold

It is the money owned for purchases.

Hisham AL Essawy

I think Arnold means Owed (obligation) not owned.

muhammad s

Obligations that are payable in a short time. It could be an unwritten agreement between a buyer and a seller, generally 30 days or less.