What Is A P Accounts payable (A/P or AP), or trade payables, is money owed to others for products or services the company has purchased on credit. Accounts payable is a current liability since these debts are paid off in less than a year. What a P means? The abbreviation AP stands for Advanced Placement
What Are Some Examples Of Accounts Payable? Transportation and Logistics. Raw Materials. Power / Energy / Fuel. Products and Equipment. Leasing. Licensing. Services (Assembly / Subcontracting) What is included in accounts payable? Accounts payable include short-term debt owed to suppliers. They appear as current liabilities on the balance sheet. Accounts payable are the opposite of