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