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Whats the difference between accounts receivable and account not payable?

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Question added by Isah Garba , project officer , DFID nigeria
Date Posted: 2019/05/22
Sonal Tripathi
by Sonal Tripathi , Online Business Development Executive , HikeQA

The difference between accounts receivable and accounts payable. Accounts receivable are the amounts owed to a company by its customers, while accounts payable are the amounts that a company owes to its suppliers. Receivables are classified as a current asset, while payables are classified as a current liability.

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