Difference between Loan Payable and Accounts Payable? (1 Viewer)

[GreenLeaf]

I think holidays has made me dumber.

Any help? thanks!

 

[wakeywakey]

I've never really thought about this, but I'm guessing that they distinguish between loan and accounts payable because loans tend to incur interest. If you get a better answer, maybe post it here?

 

[bizadfar]

loans are mostly all long term?

 

[fai69]

Accounts payable are current liabilities whereas loan payable are non-current liabilities.