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Reverted edits by JSchlimmp (talk) to last revision by KevinDavis
An '''account payable''' (AP) is an individual's or corporation's financial obligation to pay off in full a debt 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>
An '''account payable''' (AP) is an individual's or corporation's financial obligation to pay off in full a debt 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>