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Accounts payable

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Definitions Edit

Accounts payable (A/P) is

the total value of transactions that have been accrued but not paid to a vendor.
[a]mounts owed on open accounts, e.g., materials and services received, wages earned, and fringe benefits unpaid.[1]

References Edit

  1. Defense Acquisition University, Glossary, at B-1 (13th ed. Nov. 2009) (full-text).

See also Edit

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