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Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
What can one do with an accounts payable clerk?
An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
Are accounts payable accounts that you expect will be paid to you?
are accounts payable accounts that expect will be paid to u
What causes accounts payable to increase or decrease?
When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Which company position deals with the accounts?
Accounts receivable and accounts payable are usually the two departments associated with this. The tax department probably oversees accounting in all aspects.
Is accounts payable a variable cost?
Yes Accounts payable is a variable cost.
What are accounts payable entries?
[Debit] Accounts payable [Credit] Cash / bank
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
