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WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
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Answer Posted / sunny
Account payables is the total sum outstanding in the books
of a company representing goods and services supplied to it
on credit basis, for which payments are yet to be made for
them.They are also called Creditors. While Account
Receivables is the total sum of monies owed to a business
for goods and services supplied to its customers or clients
on credit basis, for which payment is yet to be received
for them. They are also called Debtors.
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