Examlex
Differentiate:
Accounts Receivable
Accounts receivable represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for, essentially an extension of credit from the company to the customer.
Accounts Payable
The amount of money owed by a company to its suppliers or creditors for goods and services purchased on credit.
Quick Ratio
A liquidity indicator that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventories.
Accounts Receivable
Accounts Receivable refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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