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waht is the menaing of accounts payble?
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Answer / sapna_sahani
accounts payable means which paid in future
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / naveen bhatotia
Accounts Payble means Which Paid in future
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / sunny bhondve
Account payable means payment in future showing on Blannce
sheet lbilites
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghu.v
Whatver payable to outsider is accounts payable.
Eg.:Creditors for goods
Creditors for Expesnses
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / meenu kumari
Accounts Payable is what we haven't paid but we have to pay.
| Is This Answer Correct ? | 1 Yes | 2 No |
what is Accrual ?
42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
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