Interested to Buy Any Domain ? << Click Here >> for more details...
What is Account receivable & Account payable ?
- 12 Answers
- 43653 Views
- Datamatics, I also Faced
- E-Mail Answers
Answer Posted / lakshmi mohan
Accounts receivable is the amount which customer owes to
the company for the credit sales of goods or services.
Accounts Payable is the amount which the company has to pay
to the vendors for the credit purchase of goods or services.
Accounts Receivables - it appears on the assest side of the
balance sheet
Accounts Payable - it appears on the liablity side of the
balannce sheet
| Is This Answer Correct ? | 10 Yes | 1 No |
Post New Answer View All Answers
What is the difference between Accruals and Provisions?
our cheque to Arshad Khan was dishonored?
If balancing account is not assigned to company & is assigned to department wat will be the effects
What is the distinction between cost accounting and management accounting?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
how to calculate vat,pf,esi,service tax in corporate firm
how many view the tally backup erp9 after the tally backup in tally
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
What do you mean by gaap in accounting?
Why company issue shares at discount as its a loss ?
What is compound journal entry?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
