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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