Explain what is meant by this statement: One companys account receivable is another companys account payable.

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Explain what is meant by this statement: One company’s account receivable is another company’s account payable.

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:25 AM

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Explain what is meant by this statement: One companys account receivable is another companys account payable.

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Assets and liabilities are opposites An asset represents a future bene...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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