AP
Accounts Payable
Accounts payable (AP) is an account within the general ledger that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. Another common usage of “AP” refers to the business department or division that is responsible for making payments owed by the company to suppliers and other creditors. [1]
[1] Retrieved May 21, 2021, from https://www.investopedia.com/terms/a/accountspayable.asp