Accounts receivable and accounts payable are essentially opposites. Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers.
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 may be offset by an allowance for doubtful accounts, while payables have no such offset.
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Answer:
Accounts Payable vs.
Accounts receivable and accounts payable are essentially opposites. Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers.
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Answer:
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 may be offset by an allowance for doubtful accounts, while payables have no such offset.