What is Accounts Payable? (Balance Sheet)

Your Accounts Payable line is a Liability line, which sits on the Balance Sheet. Your Accounts Payable contains the balance of moneys owed to external suppliers and individuals.

Written by Ross MacLeod

Your Accounts Payable line is a Liability line, which sits on the Balance Sheet. Your Accounts Payable contains the balance of moneys you owe to external suppliers and individuals.