Accounts Payable vs. Accounts Receivable: What's the Difference?

Author: External Author | | Categories: Accountant , Accounting , Bank Reconciliation , Bookkeeping , Financial Statements , Sales Tax Preparation , Tax Filing , Tax Planning , Tax Services

If you’ve only recently stepped foot into the accounting and bookkeeping arena, you may still find yourself confused about accounts payable and accounts receivable. Both processes are part of the accounting cycle and are regularly used by businesses that use double-entry or accrual accounting.

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Original Article Source Credits: the blueprint, https://www.fool.com

Article Written By: Mary Girsch-Bock

Original Article Posted on: February 1, 2021

Link to Original Article: https://www.fool.com/the-blueprint/accounts-payable-vs-accounts-receivable

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