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What are 'accounts receivables and accounts payables'?

In: Business Accounting and Bookkeeping, Accounts Payable, Accounts Receivable [Edit categories]

Answer:

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.

First answer by ID1065935208. Last edit by Schel. Contributor trust: 0 [recommend contributor ]. Question popularity: 1 [recommend question].

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