explain short terms of Accounts Payable Accounts Receivable Accrued Expenses
Amounts owed by the business for purchases made on credit. These amounts arepaid by the business after a time lag that is measured by Day PPs PayableOutstanding (DPO).
Amounts due to the business from customers for merchandise or servicespurchased on credit. The business does not receive payment for these amountsimmediately, and the delay before payment is measured by Days Sales Outstanding(DSO).
Expenses that the business has incurred for which it has not received, or willnot receive, an invoice, and that have not yet been paid.