It is less common to confirm accounts payable at an interim date than accounts receivable. Explain why.

Question:

It is less common to confirm at an interim date than accounts receivable. Explain why.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...