what is accounts receivable and accounts payable and how to
use accounts receivable and accounts payable?
Answer Posted / syed iliyas
Accounts payble and accounts recievable are the credit
purchases and credit sales which has to collect and pay the
amount further. The register was maitained for accounts
payable and recievable called accounts payble register and
accounts payble reigster which indicate due date and over
due by days which will make easy to collect or pay the
bills.
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
what about case study
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
What is Free Cash?
what is the main link between the income statement and the balance sheet?
How do you handle lack of direction or working in chaos
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Expand CASA
What is DECR And for wt it is used?
how there prepare bank interview
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance