Accounts payable.

(5) Accounts payable. The term accounts payable means payables arising from the purchase of property described in section 1221(a)(1) or section 1221(a)(8) or the receipt of services from vendors or suppliers, provided the payables have a term upon issuance of less than one year.

Source

26 CFR § 1.965-1


Scoping language

None
Is this correct? or