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Difference between accounts payable and accrued expenses

Question 1: What are the ramifications to a business of not tracking and paying sales tax?

Question 2: What is the difference between accounts payable and accrued expenses?

Question 3: Is short-term or long-term debt more stressful to your personal finances? Why?

Question 4: Why is it important to differentiate between short-term and long-term liabilities?

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Accounting Basics: Difference between accounts payable and accrued expenses

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