ACCOUNTS PAYABLE Definition

Bookmark and Share

ACCOUNTS PAYABLE (AP) are trade accounts of businesses representing obligations to pay for goods and service received.

Learn new Accounting Terms

OBLITERATE is to do away with something so as to leave no trace.

JOINT RETURN is a US income tax filing status that can be used by a married couple. The married couple must be married as of the last day of their tax year in order to qualify for this filing status. A married couple can also elect to file as married, filing separate returns.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.