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An '''account payable''' (AP) is an individual's or corporation's financial obligation to pay off a debt in full that it owes to another financial entity. In simple accounting, accounts payable are often used as a general term for debts and liabilities, and because of this, they are often recorded as such (see below).  

An '''account payable''' (AP) is an individual's or corporation's financial obligation to pay off a debt in full that it owes to another financial entity. In simple accounting, accounts payable are often used as a general term for debts and liabilities, and because of this, they are often recorded as such (see below).<ref name="invest">http://www.investopedia.com/terms/a/accountspayable.asp Accounts Payable]</ref>

 

 

<ref name="invest">http://www.investopedia.com/terms/a/accountspayable.asp Accounts Payable]</ref>