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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

APRIL 6, 2023

Accounts payable (AP) , is the list of all amounts a company owes to its vendors. Generally, when an invoice is received, it’s recorded as a journal entry and posted to the general ledger. Is invoicing accounts payable or receivable? This includes products or services that are purchased and invoiced.

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Accountant Advocate

Accounts payable vs. accounts receivable: What are the differences?

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