what is difference between accounts receivable and accounts payable ?

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  • Accounts receivable refers to the outstanding amount the company is owed from its clients.AR issue raises when companies allow some portion of their sales to be on credit.AR is a current asset for the company.Any amounts receivable within 1 year are treated as AR.
     Accounts payable refers to the outstanding amount the company is owed to its suppliers.AP are current liablities for the company.when the company made purchases on credit basis rather than signing  notes payable liabilities it is recorded as accounts payable.Any amounts payable within 1 year are treated as AP.
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  • 1. Receivable means, the amount received in future period from the debtor's. It shows at Assets side of the balance sheet. 2. Payable means, amount paid in future period to the creditors. It shows at libilities of the balance sheet.
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  • accounts receivable is debit side of a company where as accounts payable is credit side
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  • account receivable id the amount which is receivable in future date from debtors and account payable is amount which is payable in future date to creditors of company
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  • AR is an asset while AP is a liability
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  • Accounts payable represents money that your business owes to suppliers, while Accounts receivables represents money owed to your business by customer
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  • Accounts receivable means we are Receiving payments for the products or services given to customer. Accounts payable means we are paying some amount of money to buy raw materials to make finish products.
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  • Account receivable means money owned to your business by customer and money payable means money that your business owes to suppliers.
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  • Account receivable is income Account payable is expenses
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  • Account receivable represent money own to your business by customer and account payable represent money that your business own to supplier
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  • Accounts receivable are funds the company expects to receive from customer and partners.Accounts payable ledger lists it's short term liabilities
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  • Account payable means, purchase a goods on credit basis and payment will received in future and it is business liability, short term current liability. Account receivable means we sales goods on credit basic and payment will made in future and it is business current assets.
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  • Accounts receivable and accounts payable are essentially opposites. Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers. It can also be explain as Accounts receivable are the amounts owed to a company by its customers, while accounts payable are the amounts that a company owes to its suppliers. The amounts of accounts receivable and payable are routinely compared as part of a liquidity analysis, to see if there are enough funds coming in from receivables to pay for the outstanding payables.
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  • Accounts payable is the amount that company owes to the supplier. Accounts receivable is the amount that is owed to a company.
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  • Accounts Receivable treated as Current Assets  
    Accounts Payable treated as Current Liabilities.
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  • Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers.
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  • accounts receivable are the amounts which we will get in future they are considered as assets of business because we will get them in future likewise accounts payable are the accounts which are outstanding amounts that we have to pay which will go out from our business so they are considered as liability
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  • Account Receivable is the amount due to be received from debtors on account of good or services availed by them on credit. It is shown under "Current Assets" in the Balance sheet as on a particular date. Accounts Payable is the amount payable by a business to its creditors on account of goods or services availed by the business on credit. It is exhibited under "Current Liabilities" in the Balance Sheet as on a particular date.
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  • Receivable is the debt given by use to the creditors upto certain period account payable is the amount allowed to us from outsider s
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  • Accounts Receivable is assets Accounts payable is liabilities
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