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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
38% - Moderately

Accounts Payable


Synonyms:bills, company expenses, expenses
Acronyms &
abbreviations:
A/P, AP
Filed Under: financial-banking, investments
Tags: accounting, business
 

Definition of accounts payable (A/P, AP)

accounts payable (A/P, AP)
1. Money owed by a business for goods and services provided without pre-payment.

Related Terms and Acronyms:

  • accounting period (AP)   The time period used in a set of accounting books or financial statements, often 12 months.
  • accounts payable system (APS)
  • accounts receivable (A/R, AR)   Money owed to a business by purchasers of goods and/or services.
  • balance (bal.)   The amount of money in your account.
  • financing expenses   Expenses sustained from interest payments, financing, and dividends to shareholders.
  • gross profit margin   The difference between the sales your business generates and the costs you pay out for goods.
  • retained earnings   All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
  • revenue   Money earned by a company from its business activities.

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