what's accounts payable
Answer Posted / shelly
accounts payable is that when party purchase goods on credit from the buyer then it will become bill payable beoz party have to pay the amount of credit purchase.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
How & When We Calculate Deffered Tax... Please Give me Some Example.?
Is depreciation a expense or income?
what is the frienge benefits tax?what is usefull?
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
Distinguish value andPrice
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
where we have file E-returns in SAP FICO-CIN/Wtax?
How to increase our credit rating score quickly?
What is Compliance?
an amount deducted from the catalog price for an item of merchandise is called?
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.