Accounting (11th Grade)
Receivables and Payables
What is the difference between accounts receivable and accounts payable?
Accounts receivable are what a company owes; accounts payable are what it is owed.
Accounts receivable are what a company is owed; accounts payable are what it owes.
Accounts receivable are always larger than accounts payable.
Accounts receivable are liabilities; accounts payable are assets.
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