meaning of accounts payable
Answer Posted / rakesh
When you receive an invoice you
add it to the file, and then you remove it when you pay.
Thus, the A/P is a form of credit that suppliers offer to
their purchasers by allowing them to pay for a product or
service after it has already been received.
| Is This Answer Correct ? | 14 Yes | 2 No |
Post New Answer View All Answers
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
Is depreciation a expense or income?
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?
Anyone whose sbi interview has been over , please share all the question asked by them
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
Expand--------SOT
please send me last 3 years question & solution
different between acconting and elective mathematics
why specifically inited states ?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
Explain Cash Basis of accounting
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
what is mean by traditional accounting ?
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
what are the new rules of central excise ?