Accounts Payable is an accounting term that represents a company's short-term debt. It is found under Current Liabilities on a Balance Sheet and Operating Activities on the Cash Flow Statement. Accounts Payable can be thought of as an IOU and is typically used when the firm has received a service or product (i.e. parts order, management consultation etc) but has not yet paid for it.
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- Accounts Payable Days
- Accounts Receivable (AR)
- Balance Sheet (BS)
- Cash Flow Statement (CFS)