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Who is Benjamin James accounts payable office at po box 358 hewlett ny 11557?
Wiki User
∙ 10y ago
Fictitious person. "You have won" is a contest scam. Send no money there.
Wiki User
∙ 10y ago
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How do you journalize office supplies on account?
Debit office suppliesCredit Accounts Payable
How do you journal entry office supplies on account?
Debit office suppliesCredit accounts payable
What account type is accounts payable?
Accounts payable is a liability account. When something is purchased on account it falls under this category such as purchasing $10,000 worth of office supplies on account. You would debit the office supplies account under assets and credit accounts payable under liabilities.
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What is the journal entry of accounts payable?
debit purchasescredit accounts payable*For purchases (supplies, office materials, etc.) on accountPurchases xxAccounts Payable xx*During payment of purchases on accountAccounts Payable xxPurchases xxNOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
What account is affected in an account journal when you avail of purchase discount for office supplies that was bought on account?
Accounts payable and Cash accounts
What is a accounts payable ledger?
Just like normal people don't have just one bill, companies don't have one bill. For that reason, having just one "Account Payable" account for all their bill can be confusing, inefficient, and can lead to fraud. So, they establish what is called a "sub-ledger", in this case it's "accounts payable ledger". That account will have multiple accounts payable accounts and the end balance is shown in the general ledger as just "Accounts Payable". For Ex. there could be one for Insurance, office supplies, salary, and other accounts payable, etc.
Is decrease to accounts payable debit or credit?
Debits decrease the balance of the Accounts Payable account. Accounts Payable is presented in the Liability section of the Balance Sheet. If you purchase a printer for $200 and enter the bill into the accounting program, the program will debit the expense account you choose (e.g. Office Equipment) for $200 and credit Accounts Payable $200. Then, when you pay the bill, the accounting program will debit Accounts Payable $200 - thereby canceling out, you might say, the earlier credit. (And the accounting program will, of course, also credit the Checking Account by $200.) So when we enter bills into the accounting program, Accounts Payable is credited. And when we pay the bill, Accounts Payable is debited, its balance is decreased.
Is notes payable a permanent account?
Any account on the balance sheet is a permanent account - 'Cash', 'Accounts Receivable', 'Accounts Payable'. Income and expense accounts are temporary accounts because they are closed at the end of an accounting period. Examples are: 'Service Revenue', 'Office Expense', and, my personal favourite, 'Meetings and Entertainment Expense'.
The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?
false
What title would you say i would be if i am the only one working in the office doing the payroll taxes accounts payable accounts receivable general ledger and w2s?
Financial Controller
What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
