ACCOUNTS PAYABLE (AP) are trade accounts of businesses representing obligations to pay for goods and service received.
C.A. is sometimes used to identify the Chief Accountant
SECURITY dependent upon usage is: a. a guarantee that an obligation will be met; b. defense against financial failure; financial independence; c. property that your creditor can claim in case you default on your obligation; or, d. a formal declaration that documents a fact of relevance to finance and investment; the holder of which has a right to receive interest or dividends, e.g. stocks and bonds.
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