accounts

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mayank kumar

mayank kumar (Querist)
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09 June 2010 wt is the account payble and account receivable

CMA RV Padmakumar.A

CMA RV Padmakumar.A (Expert)
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09 June 2010 Accounts payable aka sundry creditors---> Current Liability
Accounts Receivable aka sundry debtors-->
Current asset

both related to trading

Kariyappa

Kariyappa (Expert)
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10 June 2010 Account payable means Outstanding liability of Creditors (Current Liability)
Accounting receivebles means Outstanding payment receivable from the debtors( Current Asset) Both are comes under the trading bussines