Difference between accounts receivable and accounts payable


Response to the following questions:

1. Usually, current assets are listed in a specific order, starting with cash. What is the objective of this order of listing?

2. Differentiate between marketable securities and long-term investments. What is the purpose of owning each?

3. Differentiate between accounts receivable and accounts payable.

If possible, please give examples to better understand your response.

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Accounting Basics: Difference between accounts receivable and accounts payable
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