Definition of accounts payable
Answer Posted / venkat
accounts payble is a process of paying money to the vendor when we purchase goods on credit basis until we pay the amount to the vendor it will be showing as a open item in the vendor account
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
what are the main important accounting entries for AP and AR ...
Do you know what is double-entry accounting? Explain with an example?
Explain compound journal entry.
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
Tell me in accounting, how do you define premises?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
in Sensex and Nifty, what is the measure to take the points
i want to know f form and how to use and how can purchase
What is Statory Books ?
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
What accounts are to be debited and credited in this case o
Do you know what qualities and skills make an account manager successful?
Tell me did you use accounting applications at your previous companies or prefer working manually?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?