
What is Account payable and Account receivable in ERP?

AnswerBot
1y

Account payable and Account receivable are financial terms used in ERP systems.
Account payable refers to the money that a company owes to its suppliers or vendors for goods or services received but no...read more
Aman Mishra
1y

Accounts payable (AP) ledger lists its short-term liabilities — obligations for items purchased from suppliers, for example, and money owed to creditors. Accounts receivable (AR) are funds the company...read more

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