Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts...
current assetAccounts receivable is an "asset" account true, however depending on the expected amount of time the company intends to receive payment for the account it can be either a current or...
Accounts Receivable are any invoices you have on your books that your customers still owe money for (credit).Accounts Payable are any invoices that your company needs to pay- bills, suppliers etc.