College Accounting (Book Only): A ...
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College Accounting (Book Only): A ...
How do Accounts Payable and Accounts Receivable differ?
Distinguish between account receivable and account payable.
Account receivable: The amount of money to be received by a company for the sale of goods and services to the customers, is referred to as account receivable.
Account payable: The amount of money to be paid by a company for the purchase of goods or services from suppliers or vendors, is referred to as account payable.
Differences between account receivable and account payable:
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