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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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 ?    36 Yes 5 No
Sreedhaam
 
Answer
# 2
its pay off of short term debts to creditors 
Is This Answer Correct ?    16 Yes 7 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 ?    7 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 ?    5 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 ?    5 Yes 1 No
Deepa
 

 
 
 
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if the balance of the supplies account on January 1 was $500, supplies purchased during the year were $1750, and the supplies on hand at December 31 were $300, the amount for the appropriate adjusting entry at December 31 is?   1
 
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