WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
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Answer / sunny
Accounts payables are amounts that are being owed to
outsiders or third parties to the business for supplies of
goods and services yet to be paid for by the business. They
are also called, Creditors. Accounts receivables are
amounts that are outstanding against others for the supply
of goods and services by the company, of which they owe to
the company. They are also called, Debtors.
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / m.ravi kanth
Accout payable is the due amount payable to the creditor
which we havent payed to the party accout recevable is the
that we scould receive in the future .B/P IS AN EXPENCE
B/P IS AN INCOME
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / sunny
Account payables is the total sum outstanding in the books
of a company representing goods and services supplied to it
on credit basis, for which payments are yet to be made for
them.They are also called Creditors. While Account
Receivables is the total sum of monies owed to a business
for goods and services supplied to its customers or clients
on credit basis, for which payment is yet to be received
for them. They are also called Debtors.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / rajesh kumar soni
When bill of exchange is accepted by the drawee than it is
called account payable for the drawee and account
receviable for the drawer.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / dasappa s
Accounts payable is an amount owed to others for the
supplay of goods or for the services rended by them.
Accounts receivable is an amount which has to pay to us by
others for the crdite sales or service rended by us to them.
Accounts payables are called as Creditos and Accouts
recievables called as Debtors
| Is This Answer Correct ? | 0 Yes | 0 No |
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