please explain briefly about account receivables and
payables
- 2 Answers
- 7889 Views
- Siemens, Wipro, I also Faced
- E-Mail Answers
Answer Posted / ravi ahuja
Accounts payable is the obligation that a business owes to
its creditors for buying goods or services. It is the
unpaid invoices, bills, or statements for goods or services
rendered by outside contractors, vendors or suppliers.
Accounts payable are sometimes referred to as "payables."
When someone pays his or her monthly utility, phone, cable
tv bills, or Internet service provider (ISP) bills, he or
she is in a sense paying off his or her accounts payable
obligations.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Explain have you ever heard about tds, what it is?
Do you think accounting standards are mandatory and why?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
what are the steps for the payment cycle of the firm or company?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
How is an accounting department structured?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
What is accounting ethics?
What is accounting period?
What is a comprehensive income?
what stock transfer applicable in sister concern unit.
what is gl a/c? & why is it maintain
What is the Technology used to carry out trades? Pls Tell me as early as possible.
Ledger Enteries
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
