Explain how accounts receivable and accounts payable work. Why is it important to ensure that a business maintains a good payment history with its creditors? What could be one resulting consequence if a company does not maintain a good payment history with its creditors?

, applying relevant course concepts/theories, supported by outside references, using the current APAformat by the due date each week.

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Answer rating: 100% (QA)

Accounts Receivable Accounts receivable AR is the amount of money owed to a business by its customers for goods or services provided on credit When a ... View the full answer