Accounts payable vs. accounts receivable: What are the differences?
ThomsonReuters
APRIL 6, 2023
Generally, when an invoice is received, it’s recorded as a journal entry and posted to the general ledger. If your company is paying an invoice to another company (such as in B2B), it will be noted in accounts payable. Accounts payable (AP) , is the list of all amounts a company owes to its vendors.
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