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What is Account receivable & Account payable ?
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Answer / jg
a/c receivable is the receipt of goods & services and a/c payable is the payment to be paid on goods and services.
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Answer / jayaprakash swain
account receivable is the receivable from the party and
against the servises and goods provide to them and similarly
the accountpayble is amount tobe paid to the party against
the servise or goods recive from them.
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