Payables fall into two categories:
Accounts payable: (AP) is money owed by a business to its suppliers shown as a liability on a company’s balance sheet.
Notes payable: liabilities, which are debts created by formal legal instrument documents.
Payables fall into two categories:
Accounts payable: (AP) is money owed by a business to its suppliers shown as a liability on a company’s balance sheet.
Notes payable: liabilities, which are debts created by formal legal instrument documents.