Accounts Payable
Sometimes referred to as trade payables, accounts payable is an account sub-ledger that records all the amounts that a company or a person owes to suppliers but has not paid yet.
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wrote the first answer to How do you double entry when your debtor has paid your creditor for you 27 May 2012 06:12
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added How do you double entry when your debtor has paid your creditor for you to Accounts Payable 26 May 2012 15:02
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removed What is a COT code in online banking from Accounts Payable 26 May 2012 10:40
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wrote the first answer to Is salaries payable a long term liability 26 May 2012 10:05
yeah. you can cook at home n sell it 2 ur self ..lol
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why does trial balance always tally
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Both are same
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Its verry simple .in simple words companies money go outside. So it will come on liability side
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I think so...But don't quote my answer.
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Bad debt is when a customer or client fails to pay for their service or goods. The cost of that lingering debt to the company can...
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It is a complete set of accounts for a business entity
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How securites and exchanges helps in developing the economy?
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It means a minus, in other words its a loss. It means a minus, in other words its a loss.
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Their apparent number of layers;simple epithelium with a single-layer offer less protection than Stratified epithelium having...
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Net 10 means within 10 days of the date of invoice.
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If you are doing adjusting entries, an accrued expense will affect a balance sheet account (payable) and an income statement...
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The CTX code allows for large sums of data to be attached to the payment. A example of use would be if a large payment includes...
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Typically, every country can have their own set of accounting standards used for private enterprises. However, the three major...
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In the United States examples of public corporations are Amtrak and the United States Postal Service.
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If you dont. Your mom will grow balls.
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seek your best friend, the dictionary. "prerequisite"
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of course it is a current liability ,This is a specific type of accrued expense -- the income tax a company accrues over the...
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A credit note is used to write off an invoice or provide a refund.
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No a Profit & Loss statement will tell you net imcone, which is not the same as cash flow. Cash Flow is the result of a...
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The Elizabethan EraThe Victorian EraAnd the Jacobean EraHope this helps :)
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{| ! width="35%" align="left" | Job Outlook | ! width="35%" | ! width="30%" align="right" | | Strong growth of accountants and...
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Gross earnings are recorded as Salaries Expense. It encompasses the employees net pay and all withholdings (income tax, FICA). If...
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Confirm that the merchandise or service was properly ordered (eg. a Purchase Order, or order placed by an authorized person),...
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only those transactions which can be measured in terms of money are recorded.Since money is the medium of exchange and...
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he had to mark on sack ends
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is called error of omission
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There are 2 types of functionality comes under Cashier. 1.Recipient 2.Payments The Approved Bills, Debit Notes & Debit...
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Money that is due.
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Fictitious assets are ones that do not really exist
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Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents...
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it is other taxes payable like hormonised sales tax. It is not Income Tax or corporate Tax.
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Debit Cash Received Credit Income/Sales
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be reclassified as a current liability
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Expenses a/c dr to outstanding expenses a/c
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o/s salaries a/c dr To o/s expenses a/c
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Computerized payroll will simplify processing job. No need to spend additional hours on cross validations, report preparation,...
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It means the enitre amount of the bill is due within 45 days, from which the bill was invoiced.
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http://wiki.answers.com/Q/What_is_visiting_card_size?A: 92mm/54mm is the size of the visiting card.A: Standard Business Card...
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Banks may charge you for/under the following services 1. Annual account maintenance charges 2. Debit/ATM card annual fees 3....
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..The spellingNot really the difference is that the salary is what u get paid and income could be anything that brings money to...
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Give me a example of Revenue Income, pls?
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A note payable is a tangible note between you and another company that you will pay them back for a good or service they sold...
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The English term 'cost analysis' means breaking down the costs of some operation and reporting on each factor separately
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annuitization
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credit
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To checking the payable invoices and send it to the invoice verification and then send to for paid.
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You can right off accounts payable by either: -Paying the balance, -Entering a credit memo against the open balance.
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Total long term funds. This comprises:1. Shareholders Equity; and 2. Long Term Loans
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Withdrawals of owners are treated as a reduction of equity.
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Accounts Payable Cash/Bank/Goods etc
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false
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when petty cash falls under the accounts payable umbrella, what guidlines should be set?
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The post closing trial balance contains all accounts that are in the General Ledger, with the exception of any "closed accounts"...
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If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a...
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Treatments of bad debts in financial accounts:- A. Revenues should be reported net of discounts and allowances with the discount...
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A Chart of Accounts is more than a list of General Ledger Accounts. A functing Chart of Accounts is: (1) the center of the...
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A "package" would include more than one element of travel for a single price. For example, air and hotel bundled together for one...
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The trial balance is just that, a "trial" balance. It shows where the company stands at a certain point in time. the "adjusted...
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Accounting accruals are used when the debits are required to be made from the capital and not paid but the entries are made in...
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There are 2 ways of issuing cheques. You can cross the top left hand corner of the cheque and then issue it or you can issue it...
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Define_the_cost_of_control_and_minority_interest
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Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the...
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1.8 Tally 7.2 is older version and Tally 9 is NEW.. Just Like your Old Underwear and New one..lol
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A credit note (also known as a credit memorandum or credit memo) is a document that is issued by a seller to a buyer. The credit...
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Prepaid rent A/c Dr To, Rent A/C
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The Chart of Accounts is the system of accounts that make up the General Ledger. This begins with our assets starting with the...
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horizontal analysis
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Accounts payable are used to record money that is owed by a company to another entity, bank, vendor, service provider, etc....
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1.4
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no, it only accepts it once we take up fair values not the fair market values bcz somtimes market under value a perticular asset
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