{"iri":"https://folio.openlegalstandard.org/RCyz3h5etVpg1QE5JvUlCNp","label":"Accounts Payable","sub_class_of":["https://folio.openlegalstandard.org/RDMogej8AdNSlkztHiKlIGK"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Accounts Payable is an accounting term that represents a company's obligation to pay off short-term debts to its creditors or suppliers within a specified period. It appears on the balance sheet as a current liability and indicates the amounts that a company owes for goods or services received but not yet paid for.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}