Distinguish between an accounts payable file and a vouchers payable file.
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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...
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An open accounts payable file contains all source documents ...View the full answer
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Saikumar Ramagiri
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