In accounting, accounts payable and accounts receivable play key - but very different roles. I recently saw a short piece on the Internet which said, Accounts payable, which is also known as accounts receivable … “No it’s not” I screamed.

A good understanding of each, along with their differences, is critical for anyone who works in accounting, finance and of course, accounts payable or accounts receivable.

Link to Understanding Cash Flow Statements for Beginners

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