How to do accounting entries in Accounts Payable

Answer Posted / venkatesh

Rent a/c dr
TO Rent pauyable a/c

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know overhead in terms of accounting?

658


What is an accounting transaction?

711


What Is Responsibility Accounting?

728


what is the last date of deposit TDS on liability for the assessment year 2010-11

1586


While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

1797






Tell me what is working capital?

628


Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3319


What's the accounting entry when an Invoice is created in AR?

1594


explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

1800


journal entry for goodwill and capital bought by a new partner?

1147


How new/innavtive assets are to be treated under IFRS?

1451


how to individual capital account.

1845


What is good accounts Process & Execution capabilities?

1601


Debit Card Come Under Which group in Tally 9?

1470


How is the accounting for hire purchase transactions done?

635