Final answer:
The accounts payable (AP) schedule shows the time a company has to pay its vendors, while the accounts receivable (AR) schedule informs us how long customers have to pay the company.
Step-by-step explanation:
The list that shows how long a company has to pay vendors or how much time customers have to pay a company is known as the accounts payable and accounts receivable schedules, respectively.
Accounts payable (AP) represents the money that a company owes to its suppliers or vendors and indicates how long the company can take to pay off its purchases.
On the other hand, accounts receivable (AR) refers to the money that customers owe to the company for goods or services provided and indicates the timeframe within which the customers are expected to fulfill their payment obligations.
Keeping track of these financial elements is crucial for managing a company's cash flow and maintaining a healthy business operation.