Strictly defined, the business term “accounts payable” refers to a liability, where a company owes money to one or more creditors. Some people mistakenly believe accounts payable refers to the routine expenses of a company’s core operations, however that is an incorrect interpretation of the term.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:   SEAN ROSS

Original Article Posted on:  Dec 29, 2020

Link to Original Article:  https://www.investopedia.com/ask/answers/030515/are-accounts-payable-expense.asp