The Ying and Yang of Accounting: Accounts Payable vs Accounts Receivable

In accounting, accounts payable and accounts receivable play key - but very different roles. I recently saw a short piece on the Internet which said, Accounts payable, which is also known as accounts receivable … “No it’s not” I screamed
A good understanding of each, along with their differences, is critical for anyone who works in accounting, finance and of course, accounts payable or accounts receivable.
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