Explain the difference in approach between confirmation of accounts receivable and confirmation of accounts payable.

Question:

Explain the difference in approach between confirmation of and confirmation of accounts payable.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...