Interested to Buy Any Domain ? << Click Here >> for more details...
What do you mean by the term Accounts Payables/ Receivables?
- 4 Answers
- 16586 Views
- I also Faced
- E-Mail Answers
Answer Posted / ch.babu
Both are exist when transactions made on credit instead of
cash.
Accounts Payable: Company/customer owes to the supplier
when goods or servies purchased on credit.
Accounts Receivable:money owed by the customer to another
entity in exchange of goods or services that have been
delivered or used, but not yet paid for. this will occur on
credit sales.
| Is This Answer Correct ? | 34 Yes | 1 No |
Post New Answer View All Answers
What is Prepaid Entry
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
What is definition of a cash float in accounting?
What is invoice processing can u explain it?
What is recording damage inventory in books of account?
What is debit and credit note?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What are the methods used in different industries for labor and non-labor costs in Projects.
Tell me in balance sheet, where do you show tds?
Tell me about a situation where you showed determination?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
Tell me what are the three factors that can affect your cash flow and business profitability?
Tell me what a deferred asset is and give an example?
What are the 4 principles of gaap?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
