Account receivables (debtors) are assets to the business whereas accounts payable (creditors) are liabilities to the business
why are these accounts so important in an organization?
what is meaning of contingent in accounts?
account receivables means, company receiv from our debtors
Account receivable are the assets or benefit that comes into the business and example is debtors whereas Account payable are the liabilities that goes outside the business and example is creditors
Is this two always referring to debtors and creditors only?
Also called debtors
Account receivable is the money that a company has a right to receive because it had provided customers with goods and/or services
account receivable is what the company is expecting to received from the buyer and account payable is what the company is to pay for the suppliers for the goods or the bank
Account receivable is the money that a company has a right to receive because it had provided customers with goods and/or services.
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