Definition of accounts payable
- 3 Answers
- 4628 Views
- Genpact, Infosys, MNC, TATA, I also Faced
- E-Mail Answers
Answer Posted / nagaraju
accounting payable means parchase the goods on cricket from creditor. parchase accountant dr
to accounts payable
| Is This Answer Correct ? | 2 Yes | 7 No |
Post New Answer View All Answers
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
What is the definition of accounting?
what is "goodwill" reserve and surplus and reserve with example
what type account are below Debentures Bank overdraft
Why is accuracy important in accounting?
Tell me an example of a tough decision that you had to make?
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
what is the entry of credit card received excess amount entry in tally and their under group names
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
Explain what is liabilities and what all does include in current liabilities?
What is the entry for closing stock value reduction?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
What are the basic assumptions in accounting?
