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28 February, 16:17

What is the difference between accounts receivable and accounts payable?

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  1. 28 February, 16:25
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    What is the difference between accounts receivable and accounts payable?

    Explanation:

    Accounts receivable are the amounts owed to a company by its customers. Receivables are classified as a current asset.

    Accounts payable are the amounts that a company owes to its suppliers. Payables are classified as a current liability
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