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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
what's accounts payable
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Accounts payable: this is sub-ledger that a person or
company money owes to suppliers (who has provide the
services or goods) and shown on its Balance sheet as a
Liability under group sundry creditors.
 
Is This Answer Correct ?    35 Yes 5 No
Sreedhaam
 
Answer
# 2
its pay off of short term debts to creditors 
Is This Answer Correct ?    16 Yes 5 No
Arun
 
 
 
Answer
# 3
Accounts Payable is one of creditors to the company it will
shows the how much amount is payable
 
Is This Answer Correct ?    6 Yes 0 No
Pavithra
 
Answer
# 4
accounts payable is that when party purchase goods on credit from the buyer then it will become bill payable beoz party have to pay the amount of credit purchase. 
Is This Answer Correct ?    4 Yes 0 No
Shelly
 
Answer
# 5
payable amount to vendors.....
in this it will shows the how much amount is payable....
 
Is This Answer Correct ?    4 Yes 1 No
Deepa
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
which form we use for TDS Return?   5
what is the meaning of P/V Ratio? GIC 24
is there any difference in contribution and net profit? if yes what is that? KPIT 2
what is the entry for cash received and after deposited in to the bank   8
While closing the accounts at the year end Closing stock is shown on ---------------and-----------   3
what is t.d.s ?   3
What is the diff. between gross profit and net profit?   4
The following suggestions are under consideration: (a) 10% reduction in price to yield an increase in sales volume from 6600 to 7400 units. Current unit price Rs. 1,000 Unit variable cost Rs. 500 Fixed cost Rs. 30,00,000 Prepare a statement comparing gross revenue, profit, contribution and P/V ratio of the two alternatives with present results. Which suggestion would you recommend?   3
give journal entries for the following jan-1 started business with cash 50000 & loan 80000 Ascent 10
fill in the Blanks The minimum amount of remuneration allowable to the working partners is___________   1
In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????   1
What is the significance of the function y = a + bx?   3
 
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