Accounts receivable

English vocabulary and translations (See all)

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Definition

accounts receivable (accounting term): the money that is owed to you or your business
noun

accounts payable (accounting term): the money that you or your business owe to others
noun

Examples

  • "Accounts Payable will be letters from people asking for money – typically these will include invoices we need to pay."
  • "Icarus : Eh. Accounts Payable."
  • "'Accounts Receivable' on the left, and 'Accounts Payable' on the right, but now they're all mixed together."
  • "Accounts Receivable are letters from people who owe us money – they might include checks, or requests to have payments deferred."
  • "But what is the difference between Accounts Receivable and Accounts Payable?"
  • "Icarus : Accounts Receivable!"
  • "But what is the difference between Accounts Receivable and Accounts Payable?"
  • "'Accounts Receivable' on the left, and 'Accounts Payable' on the right, but now they're all mixed together."

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