Difference between accounts payable and accruals

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Reference no: EM13265117

Difference between accounts payable and accruals (liabilities). I understand that accounts payables are the amounts owed to suppliers for purchases or services rendered. And that accruals are liabilities to pay for goods or services that have been received or supplied but have not ben invoiced or formally agreed with the supplier. However logically, with reference to the definition for accruals, how can you receive goods without agreement from the supplier?

Reference no: EM13265117

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