WHAT ARE THE DISTINGUISH BETWEEN ACCOUNTS RECEIVABLE AND
ACCOUNTS PAYABLE
- 3 Answers
- 8400 Views
- Accenture, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Accounts Receivable is nothing but the money receivable form
Customers. It's also shown as Sundry Debtors under Current
Assets, Loans & Advances in the Balance Sheet.
Accounts Payable is nothing but the money payable to
Creditors/Vendors. It's also shown as Sundry Creditors under
Current Liabilities & Provisions in the Balance Sheet.
| Is This Answer Correct ? | 20 Yes | 1 No |
Answer / janvi sangle
Accounts Receivables means Debtors,
Accounts payables means creditors of company
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sr cm exe dipesh gujrati
A/R IS RELATED TO THE SERVICES OR FACILITY OR LOAN WHICH WE
PROVIDE AS IN CHARGE.SO WE CHARGE SOMETHING FOR THAT
SERVICES. SO FROM WHOM WE HAVE TO TAKE THE MONEY, THEY ARE
DEBTOR AND THATS WHY WE SHOW THEM IN OUR ASSETS.
AND A/P IS RELATED TO THE SERVICES/LOAN WHICH WE TAKE FROM
OTHERS IN CHARGE. MEANS WE PAY THEM SOMETHING BECAUSE WE
ARE USING THE FACILITIES FROM OUT SOURCE SO WE HAVE TO PAY
SOMETHING FOR THAT SERVICES. SO ITS OUR LIABLITY TO PAY
THAT S WHY WE SHOW THEM IN LIABLITY.
| Is This Answer Correct ? | 1 Yes | 0 No |
Tell me how much statistics knowledge is necessary or required in accounting?
What is a Pay Group
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Explain some of the accrued expenses and the accounts in which you would record them?
wate is the TDS
what is the final accunt
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
WHAT IS DEPRICIATION?
director wife expenses which entry
what is the meaning of 4X and 10X value in intraday market?
how to value stock?
What is a cpa?
Audit 
