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A/R - WILL BE THE CURRENT ASSET - A/P WILL BE CURRENT LIABILITIES
A/R - WE ARE PROVIDING SERVICE TO THE CUSTOMER ON CREDIT
A/P - WE WILL GET THE SERVICES FROM SUPPLIER ON CREDIT
Account Receivable and Accounts Payable
A/R is meaning of accounts receivable that is appears in the assets side in the balance sheet it is means all the sales that is not received it's value yet
A/P is meaning of accounts payable that is appears in the liabilities side in the balance sheet it is means all the purchases which not paid yet
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