What do you mean by the term Accounts Payables/ Receivables?

Answer Posted / dinesh

Accounts Payables = you purchased from them on credit.
Accounts receivable= you sold them on credit

Is This Answer Correct ?    11 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.

1522


How do you prepare mis reports?

652


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1363


how much cash transaction to single transport company per day and also per year

1107


what is valuation code and valuation modifier in sap fico

1970






What are the four classifications of bad and doubtful debts as per the context of the bank?

684


what will be the possible question for an interview in account post as a fresher

1521


what is apply SI post

1552


Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

1939


explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

1786


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

941


Cash Processing

1957


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

649


Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

2826


What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?

1172