Answer / priyul

Account Receivables means sundry debtors.
Account Payable means sundry creditors.

Account Receivables : We have sold some goods & payment is
outstanding.

Accounts Payable : We have purchased goods & we have not
made payment yet.

Answer / ravi ahuja

Accounts payable is the obligation that a business owes to
its creditors for buying goods or services. It is the
unpaid invoices, bills, or statements for goods or services
rendered by outside contractors, vendors or suppliers.
Accounts payable are sometimes referred to as "payables."
When someone pays his or her monthly utility, phone, cable
tv bills, or Internet service provider (ISP) bills, he or
she is in a sense paying off his or her accounts payable
obligations.

We are operating a company which H.O. is Delhi and Branch offices at Kanpur and Hardwar. We need Income and expenses seprately in All branches. is it possible in tally.erp9. if yes please provide the procedure as early.

2 Answers  

---

What is impairment of assets?

1 Answers   CA,

---

What do you mean by Debit and Credit?

5 Answers  

---

how to pass journal entry when cash received in the form of gold or other form?

4 Answers  

---

What is Deferred tax? What is the difference between current tax and deferred tax.give some example of deferred tax.

1 Answers  

---

why we use 'To' when crediting an entry in journal and sometimes not use 'To'...??

1 Answers  

---

bill amount 30000 how to charge tds as sec 194c

4 Answers  

---

Tell one entry that should be personal account,real account,nominal account..

5 Answers   Genpact,

---

claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?

2 Answers  

---

All Interview related Questions pertaining to General Ledger,Finance & Accounts.

0 Answers  

---

What is inventory

4 Answers  

---

Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??

7 Answers   Focus,

---