# Accounts Payable

**IRI:** https://folio.openlegalstandard.org/RCyz3h5etVpg1QE5JvUlCNp

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RDMogej8AdNSlkztHiKlIGK

**Deprecated:** False