AP meaning in Accounts and Finance ?

Answer:

What is Accounts Payable mean?

Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. An accounts payable department's main responsibility is to process and review transactions between the company and its suppliers and to make sure that all outstanding invoices from their suppliers are approved, processed, and paid. Processing an invoice includes recording important data from the invoice and inputting it into the company's financial, or bookkeeping, system. After this is accomplished, the invoices must go through the company's respective business process in order to be paid.

reference

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Advanced Placement	Academic & Science
Austin Peay State University	Academic & Science
Advance Payment	Accounts and Finance
As Purchased	Accounts and Finance
Accounts Payable	Accounts and Finance
Allied Press	Business
Ampco-Pittsburg Corporation	Business
Archimedes Plutonium	Chemistry
Accommodation Plan (Section 504 Students)	Community
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Application Protocols	Computer and Networking
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