what is accounts payable

Answer Posted / sridhar reddy.v

Accounts payable means the amount which is payable to the
creditor are trade creditors for purchasing goods or using
services on credit.

The word accounts payable is used other countries but in
india we use the word sundry crditor.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Whatis new GL & Odd G.L What is the difference between these two.

1653


discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1476


what do Loan Loss Coverage Ratio mens describe it with examples?

1751


How many types we are received funds in business purpose

1936


What is the accounting treatment for finance lease in lessee's viewpoint?

1843






Distinguish value andPrice

1431


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

1554


which is the combine entry in ERP?

1833


what are the accounting ratios

1989


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1674


I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.

1667


how to do finalisation account ,pls tell me step by step ?

2050


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1458


distinguish between price rate and time rate?

1635


Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir

1395