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What are accounts payable?

What are accounts payable? Here are some definitions.

Noun
  1. (accounting, law): Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.
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You have to implement all the back-of-house systems, like general ledger, accounts payable, and payroll.
Qualcomm's accounts payable team recently had its accounts payable reviewed for potential duplicate payments and sales tax overpayments.
When an invoice comes in, you route it to the guy in accounts payable, because that's his occupation.
Complex control systems were needed to track supplier purchase orders and deliveries, and match them with invoices for accounts payable.
An increase in accounts payable and liabilities owed to members fed the increase in current liabilities.
The increase in accounts payable and funds owed to members are more likely in response to higher sales.

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