Sales made, but for which payment has not yet been collected, are called accounts payable.

Name: Sales made, but for which payment has not yet been collected, are called accounts payable.
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Sales made, but for which payment has not yet been collected, are actually called accounts receivable. Accounts payable are the amounts owed by a company to its suppliers or vendors for goods or services purchased but not yet paid for.

Sales Made, but for Which Payment Has Not Yet Been