Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Whats the difference between accounts receivable and account not payable?

user-image
Question added by Isah Garba , project officer , DFID nigeria
Date Posted: 2019/05/22
Sonal Tripathi
by Sonal Tripathi , Online Business Development Executive , HikeQA

The difference between accounts receivable and accounts payable. Accounts receivable are the amounts owed to a company by its customers, while accounts payable are the amounts that a company owes to its suppliers. Receivables are classified as a current asset, while payables are classified as a current liability.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.