Definition
accounts receivable (accounting term): the money that is owed to you or your business
accounts payable (accounting term): the money that you or your business owe to others
- "Icarus : Eh... Accounts Payable."
- ""Accounts Receivable" on the left, and "Accounts Payable" on the right, but now they're all mixed together."
- "Accounts Receivable are letters from people who owe us money – they might include checks, or requests to have payments deferred."
- "Icarus : Accounts Receivable!"
- "But what is the difference between Accounts Receivable and Accounts Payable?"
- "Accounts Payable will be letters from people asking for money – typically these will include invoices we need to pay."
- "But what is the difference between Accounts Receivable and Accounts Payable?"
- ""Accounts Receivable" on the left, and "Accounts Payable" on the right, but now they're all mixed together."
Still unsure of the best way to use 'Accounts receivable'? Improve your English thanks to our online English lessons. We offer a free test as well as a free level assessment!
What our users say:
Test your English with Gymglish today and get a free level assessment
Absolutely free - no strings attached.
