what do you mean by Accounts payable

Answer Posted / m laxman

Accounts payable is a liability this amount owed by
organisation from outsiders for goods are purchased on
credit.

Is This Answer Correct ?    14 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand-------MTRS

1785


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1500


For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

1579


Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1430


Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

1579






How can a shopkeeper maintain the daily data in tally

3751


What is limit of turnover for registering under CST & limit of Form 'C '

11064


plz send me hsbs finance questions asked in the interview ans appitude also

2116


Expand---------MNOP

1593


tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4298


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1554


what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process

1852


What does my credit score mean?

1495


what is Calculation of Gross Profit Or Gross Loss?

1758


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1711