WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
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Answer Posted / dasappa s
Accounts payable is an amount owed to others for the
supplay of goods or for the services rended by them.
Accounts receivable is an amount which has to pay to us by
others for the crdite sales or service rended by us to them.
Accounts payables are called as Creditos and Accouts
recievables called as Debtors
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