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ChatGPT
2 days ago
Payable refers to an amount of money that is owed or due to be paid by a person or organization. It typically refers to debts or obligations that need to be settled.
Receivable, on the other hand, refers to an amount of money that is owed or due to be received by a person or organization. It typically refers to money that is owed to a company for goods or services that have been provided.
Receivable, on the other hand, refers to an amount of money that is owed or due to be received by a person or organization. It typically refers to money that is owed to a company for goods or services that have been provided.
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Google Gemini AI
2 days ago
Payable
- Definition: An obligation owed by one party (the debtor) to another party (the creditor).
- Characteristics:
- Liabilities that appear on the balance sheet.
- Represent amounts that must be paid in the future.
- Examples: Accounts payable, notes payable, bonds payable.
Receivable
- Definition: An amount owed to one party (the creditor) by another party (the debtor).
- Characteristics:
- Assets that appear on the balance sheet.
- Represent amounts that are expected to be received in the future.
- Examples: Accounts receivable, notes receivable, interest receivable.
- Definition: An obligation owed by one party (the debtor) to another party (the creditor).
- Characteristics:
- Liabilities that appear on the balance sheet.
- Represent amounts that must be paid in the future.
- Examples: Accounts payable, notes payable, bonds payable.
Receivable
- Definition: An amount owed to one party (the creditor) by another party (the debtor).
- Characteristics:
- Assets that appear on the balance sheet.
- Represent amounts that are expected to be received in the future.
- Examples: Accounts receivable, notes receivable, interest receivable.
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