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What is Account receivable & Account payable ?
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Answer / mack
Account Receivable is the receivable from the parties
against the services & goods provided to them, ,
& similarly the amount payable is amount to be paid to the
Party against the service or goods received from them.
| Is This Answer Correct ? | 125 Yes | 5 No |
Answer / shyam singh rana
Account Receivable-- receivable means what business has to
receive form outside parties on revenue account. .In other
word amount due from debtors and for bill receivable is
jointy known as receivable.
Account Payable-- payable means what business has to pay to
outside parties. in other words amount due to creditor and
for bill payable is jointly known as payable.
| Is This Answer Correct ? | 51 Yes | 5 No |
Answer / h.r. sreepada bhagi
Accounts Receivable - Amount receivable from the Customers
towards the products sold or services rendered to them. It's
also called "Sundry Debtors".
Accounts Payable - Amount payable to the vendors who have
supplied the goods/products/materials or who have rendered
services. It's also called 'Sundry Creditors".
| Is This Answer Correct ? | 35 Yes | 1 No |
Answer / zulekha bai m
account receivable are the amount to be received from the
parties for the goods and services provided on the credit
basis
Account payable are the amount to be paid to the parties
for the goods and services obtained on the credit basis.
| Is This Answer Correct ? | 27 Yes | 2 No |
Answer / nagarajan
Accounts receivable is amount due from the debtor for the
goods or services rendered to them by us.
Accounts payable is the amount payable to the creditor for
the goods or services rendered by thm to us.
It appears on Balance sheet,
Accounts payable - credit side
Accounts receivable - Debit side
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / shaik.sikander pasha
receivable
customer purchase any product from us we ll receive
the amount from the customer
dr the receiver
cr the giver
payable
customer by a product from us on credit, he has to pay
the amount before due date
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / lakshmi mohan
Accounts receivable is the amount which customer owes to
the company for the credit sales of goods or services.
Accounts Payable is the amount which the company has to pay
to the vendors for the credit purchase of goods or services.
Accounts Receivables - it appears on the assest side of the
balance sheet
Accounts Payable - it appears on the liablity side of the
balannce sheet
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / anilkumar.m
Account receivable is the amount receivable from sundry
debtors for our services or goods to provided to them.
For Example: We rise the bill to Party for our service but
they will pay after 15 days then we have to accounted as
ACCOUNT RECEIVABLE
Insimilar case Account payable means amount we have to pay
to sundry creditors for their services or goods.
For Example January month of Rent we have to account last
day of January month even we are not paid as Rent Payable
when we make a payment we have to Debit Rent Payable
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / nagesh
Account receivable is the amount receivable from sundry
debtors for our services or goods to provided to them.
For Example: We rise the bill to Party for our service but
they will pay after 15 days then we have to accounted as
ACCOUNT RECEIVABLE
Insimilar case Account payable means amount we have to pay
to sundry creditors for their services or goods.
For Example January month of Rent we have to account last
day of January month even we are not paid as Rent Payable
when we make a payment we have to Debit Rent Payable
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / manal
account recivable is money we recive from vender for the
servises provided by us
| Is This Answer Correct ? | 6 Yes | 1 No |
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