0
What is the difference between Accounts Payable and Accounts Receivable?
Wiki User
∙ 8y ago
Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. Accounts receivable are amounts a company has a right to collect because it sold goods or services on credit to a customer. Accounts payable are liabilities. Accounts receivable are assets.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What is the difference between account receivable and accounts payable confirmation?
account receivable- money coming in for profit account payble-money going out for a expense
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
What is the difference between accounts payable and accounts receivable for medical billing?
Accounts payable and accounts receivable are the same for any business, whether service, merchandising, or even medical billing. An account payable is any account that the company or business owes to another entity. It is a liability account and goes under liabilities until the balance is paid in full. An account receivable is just the opposite. Is the account balance of what another entity owes you. Account receivable is an asset account and goes under assets on the balance sheet. Both accounts receivable and accounts payable can be listed as either current or non-current, depending on the length of time required to satisfy the debt. For medical billing let us just say that an account receivable would be an account that a patient (or even government entity) may owe you. Account payable is what you owe the another entity.
Difference between pledging and factoring accounts receivable?
pledging is a
What is the difference between account receivable and accounts payable confirmation?
account receivable- money coming in for profit account payble-money going out for a expense
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
What is the difference between accounts payable and accounts receivable for medical billing?
Accounts payable and accounts receivable are the same for any business, whether service, merchandising, or even medical billing. An account payable is any account that the company or business owes to another entity. It is a liability account and goes under liabilities until the balance is paid in full. An account receivable is just the opposite. Is the account balance of what another entity owes you. Account receivable is an asset account and goes under assets on the balance sheet. Both accounts receivable and accounts payable can be listed as either current or non-current, depending on the length of time required to satisfy the debt. For medical billing let us just say that an account receivable would be an account that a patient (or even government entity) may owe you. Account payable is what you owe the another entity.
Difference between loan payable and loan receivable?
loans payable apear under liability on the balance sheet.
Difference between pledging and factoring accounts receivable?
pledging is a
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
Difference between accounts payable and creditors?
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance...account receivable- money coming in for profit account payble-money going out for a expense .Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt...
What is the difference between assets and liabilities?
Assets are things you have, or expect to have (cash, inventory, accounts receivable). Liabilities are things you will have to give away (Accounts Payable, dividends to be paid, etc).
What is the difference between accounts payable and notes payable?
Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt security.
Difference between account receivable and note receivable?
Notes receivable come into existence when a promissory note is written in business favor, whereas accounts receivable are the persons to whom business have to receive money for credit sales.
