Accounts payable vs Accounts receivable | Difference between Accounts payable & Accounts receivable

In this video, you are going to learn "What is Accounts payable vs Accounts receivable?".
It is important to differentiate between accounts payable and accounts receivable because one of them is a liability account and the other is an asset account. Mixing up these two can cause a lack of balance in your accounting equation, which carries over into your basic financial statements. With examples.
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#accountspayblevsaccountsreceivable

[@kukuichi7680]

students would think this is just a lame explanation for school reports,
but for me this is mostly important to me for learning and starting a business

[@muhammedking4206]

Where is the link of pdf file

[@davidadewumi2860]

Please, i need the PDF of Accounts payable vs Accounts receivable | Difference between Accounts payable & Accounts receivable, thanks

[@APNow]

good explanation of #accountspayable vs. #accountsreceivable

[@Educationleaves]

Thank you so much!

[@APNow]

@@Educationleaves you are very welcome

[@codenamezero7357]

So are accounts payable only delayed payments to suppliers or does it include immediate ones to?

[@amitfromgurgaon2883]

Any payments that you don’t make right while purchasing something are recorded as A/c payables. No matter if you them after a week or day or month or months. For that duration, they reflect as A/c paybles only in the books of accounts and they reflect in balance sheet of company. Once you pay them off, both liability and Cash go down with the same amount

[@HouseOfMoy]

hello where is the link?

[@cheftjay885]

Is the increase or decrease in Accounts Payable good or bad? Which one is better?

[@Educationleaves]

Account receivable is better because you receiving money. Account payable means you have to pay.

[@kurtwarner6295]

@@Educationleaves I don't think you understood the question lol

[@nitinyadav6852]

Decrease in the accounts payable is always good means we are debt free correct me if I am wrong.

[@fiyahriddims]

Pay me

[@adamharis1131]

kurang paham

[@kukuichi7680]

students would think this is just a lame explanation for school reports,
but for me this is mostly important to me for learning and starting a business

[@Educationleaves]

Glad to hear that 🙂