Definition: Accounts Payable is an accounting transaction that reflects money owed by the firm to entities (typically suppliers) on the purchase of products or services on credit. Includes also expenses (advertising, travel, entertainment, office supplies and utilities).
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2023 MBA Brief - Last updated: 6-2-2023 - Privacy | Terms