ACCOUNTANT RECEIVABLES / PAYABLES JOBS IN UAEACCOUNTANT RECEIVABLES / PAYABLES JOBS IN UAE

Whereas accounts payable represents money that your business owes to suppliers, accounts receivable represents money owed to your business by customers. In addition, accounts receivable is considered a current asset, whereas accounts payable is considered a current liability.

In accounting, Accounts Receivable (AR) refers to the money a business is owed by its customers for goods or services sold on credit Conversely, Accounts Payable (AP) represents the money a business owes to its suppliers or vendors for goods or services purchased on credit.