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WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
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Answer Posted / sunny
Accounts payables are amounts that are being owed to
outsiders or third parties to the business for supplies of
goods and services yet to be paid for by the business. They
are also called, Creditors. Accounts receivables are
amounts that are outstanding against others for the supply
of goods and services by the company, of which they owe to
the company. They are also called, Debtors.
| Is This Answer Correct ? | 14 Yes | 2 No |
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