In financial records, accounts payable means money that is due to be paid by the company to a supplier, etc. Accounts payable is considered a liability and has a credit normal balance. This account is interest-free, as opposed to notes payable.
In financial records, accounts payable means money that is due to be paid by the company to a supplier, etc. Accounts payable is considered a liability and has a credit normal balance. This account is interest-free, as opposed to notes payable.