Definitions[]
Accounts payable (A/P) is
| “ | the total value of transactions that have been accrued but not paid to a vendor. | ” |
| “ | [a]mounts owed on open accounts, e.g., materials and services received, wages earned, and fringe benefits unpaid.[1] | ” |
References[]
- ↑ Defense Acquisition University, Glossary, at B-1 (13th ed. Nov. 2009) (full-text).