accounts receivable vs accounts payable

accounts receivable accounts payable

Definitions

  • 1) accounting The total monetary amount owed to a financial entity due to debts arising from sales on credit or on account.
  • 2) Plural form of account receivable.
  • 3) accounting The total monetary amount owed to a financial entity due to debts arising from sales on credit or on account.
  • 4) a creditor's accounts of money owed to him; normally arise from the sale of products or services

Definitions

  • 1) accounting, law : Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.
  • 2) accounting, law : Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.
  • 3) a debtor's accounts of money he owes; normally arise from the purchase of products or services
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