View source for Accounts payable

==On Financial Statements==
Because they represent debt that an individual or business organization owes to another such entity, accounts payable are virtually always listed in the liabilities section on a [[balance sheet]]. As such, they subtract from the net value of a financial entity because they represent a debt. This is opposed to [[accounts receivable]], which increase the net value of an individual or company because they represent an asset.<br />
Accounts payable are short-term liabilities.  They are not to be confused with ''notes payable'', which are long-term debts.