2007-01-13 00:05:26 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
Accounts receivables = Money coming into the household.
Accounts payable = Money leaving to pay bills.
2007-01-13 00:09:24 · answer #1 · answered by Texan 6 · 1⤊ 0⤋
accounts receivables : money you are owed for services already provided (say you fixed someones computer and you didn't get paid on the spot)
accounts payable : money you owe (pretty much any bill you get, credit card, electricity...)
it can get a lot more complicate than that with accurals, pre-paid expenses, bad-debts, write-offs... but it's the same principle;
receivables ; money coming into you pocket
payables ; money leaving your pocket
2007-01-15 18:43:59 · answer #2 · answered by Balki 2 · 0⤊ 0⤋
receivable is money coming in or that you are owed
payable is money that is going out or that you owe
2007-01-13 08:09:32 · answer #3 · answered by the rooster 3 · 0⤊ 0⤋
- Yuck this food tastes like dog food, give me my money back. . .
2007-01-13 08:09:45 · answer #4 · answered by Mystro 5 · 0⤊ 0⤋