what is difference between accounts receivable and accounts payable ?
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- Lata
- 26 Jan
- 25447 Views
- 351 Answers
Your Answer
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AbulAB
- 24 Oct
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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