Accounts Receivable & Payable

Hi

To All

i want to know what is Account receiveable & Payable i have well experence but i have interviev regarding AR & AP

so can any one giude me on this ?

i will be very thanks ful for that.

Replies (1)

AR - are debtors, from whom u r going receive payment for sale etc, Ap- are creditor, to them u r going to pay for purchase, expenses etc.

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