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Accounts Receivable vs Accounts Payable: πŸ‘‰ FOLLOW @brianferoldi for more content Like this visual? Grab a FREE copy of my accounting ebook (link in bio) What's the difference? ACCOUNTS RECEIVABLE πŸ’° β†’ The amount of money customers owe the company. Location: Current Asset on Balance Sheet Offset: Allowance for doubtful account Types: Trade Receivables, Notes Receivable Cause: Created when the company sells goods or services on credit Action: Money to be collected Accountability: Lies with the de
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