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* Distinguish between Accounts Receivable and Account Payable.
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3 votes
3 votes
* Distinguish between Accounts Receivable and
Account Payable.

User Cemo
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2 Answers

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13 votes

Answer:

Accounts receivable are the amounts owed to a company by its customers. it is an asset to the company

accounts payable are the amounts that a company owes to its suppliers.it is a liability to the company

Step-by-step explanation:

User Ankur Kanoria
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19 votes
19 votes

Step-by-step explanation:

Accounts receivable is money owed to a company by its debtors.

Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.

User Zerkms
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