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please explain briefly about account receivables and
payables
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Answer Posted / priyul
Account Receivables means sundry debtors.
Account Payable means sundry creditors.
Account Receivables : We have sold some goods & payment is
outstanding.
Accounts Payable : We have purchased goods & we have not
made payment yet.
| Is This Answer Correct ? | 15 Yes | 0 No |
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