Difference between revisions of "Accounts Payable"
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[[Accounts Payable]] (alternatively known as [[Accounts Payable account]] or [[A/P account]]) is the [[ledger account]] that, after postings are complete, shows the total amount of money that the [[creditor]]s of the [[legal entity]] owe to this ''entity''. | [[Accounts Payable]] (alternatively known as [[Accounts Payable account]] or [[A/P account]]) is the [[ledger account]] that, after postings are complete, shows the total amount of money that the [[creditor]]s of the [[legal entity]] owe to this ''entity''. | ||
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==Related concepts== | ==Related concepts== | ||
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
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==Related lectures== | ==Related lectures== | ||
*[[Principles of Accounting]]. | *[[Principles of Accounting]]. | ||
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| − | [[Category: International Accounting]][[Category: Articles | + | [[Category: International Accounting]][[Category: Articles]] |
Latest revision as of 14:45, 12 July 2020
Accounts Payable (alternatively known as Accounts Payable account or A/P account) is the ledger account that, after postings are complete, shows the total amount of money that the creditors of the legal entity owe to this entity.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
