WHAT IS THE DIFFERENCE BETWEEN ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE?
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Level:
Hard
Let's review specialized English - Accountant
Question Types: Multiple choice
Answers:
- Accounts receivable is money owed by a company, while accounts payable is money owed to a company
- Accounts receivable includes cash transactions, while accounts payable includes credit transactions
- Accounts receivable is money owed to a company, while accounts payable is money owed by a company
- There is no difference between the two