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Credit to the Service revenue account is a result of payment amount received against service provided. Accounts receivable is the amount due to be received from the outsiders to the company. It is a current asset of the company. Credit to the accounts receivable is a result of payment received from the outsiders to the company.
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Debit to the accounts payable account is a result of payment being made to the accounts payable. You can change your ad preferences anytime.
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