Explain the difference between an accounts payable and an accounts receivable.
Explain the difference between an accounts payable and an accounts receivable.
发布时间：2025-08-02 05:22:00
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Accounts payable or creditor is an amount owed by the business to a third party for goods and services performed. It is a liability and is included in the balance sheet. Accounts receivable or debtors is an amount owing to the business by a third party for goods and services provided. It is an asset and is included in the balance sheet.
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