Keyword Analysis & Research: accounts payable definition clerk

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What are some examples of accounts payable?

Accounts payable is a current liability account that keeps track of money that you owe to any third party. The third parties can be banks, companies, or even someone who you borrowed money from. One common example of accounts payable is a mortgage payable.

What does accounts payable mean?

Accounts payable. Accounts payable is the aggregate amount of one's short-term obligations to pay suppliers for products and services that were purchased on credit.

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