Question:What is the difference between Accounts Payable and Accounts Receivable?
A Accounts receivable are amounts owed by the suppliers on account whereas the Accounts Payable are amounts owed to the customers on account.
B Accounts receivable are amounts owed by the customers on account whereas the Accounts Payable are amounts owed to the suppliers on account.
C Accounts receivable are amounts owed by the customers on account whereas the Accounts Payable are amounts owed to the bankers on account.
D None of the above
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