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Accounts Payable is considered a part of which of the following?
Wiki User
∙ 11y ago
Current liabilities.
Wiki User
∙ 11y ago
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Accounts Payable is considered a part of?
They are found in the current liabilities.
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
On a balance sheet the accounts of accounts payable salaries payable and mortgage notes payable would fall under the category of?
Accounts payables and salaries payable are part of current liability in balance sheet while current portion of mortgage notes payable is part ot current liability and remaining portion is part of long term liability.
On a balance sheet the accounts pauable and salarys payable would fall under the catergory of?
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Is accounts payable on an income statement?
Accounts payable is that amount which is payable in future and all future activities are part of balance sheet rather income statement that’s why it arrives in balance sheet under liabilities section.
Accounts Payable is considered a part of?
They are found in the current liabilities.
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
On a balance sheet the accounts of accounts payable salaries payable and mortgage notes payable would fall under the category of?
Accounts payables and salaries payable are part of current liability in balance sheet while current portion of mortgage notes payable is part ot current liability and remaining portion is part of long term liability.
On a balance sheet the accounts pauable and salarys payable would fall under the catergory of?
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Is accounts payable on the income statement?
No accounts payable is part of balance sheet as this is the amount which is payable in future and that’s why it’s liability of business and all liabilities are part of balance sheet.
Is accounts payable on an income statement?
Accounts payable is that amount which is payable in future and all future activities are part of balance sheet rather income statement that’s why it arrives in balance sheet under liabilities section.
What is accounts payable?
Account Payable is a major part of Accounti g cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
Are checking accounts part of residuary estate?
Yes, unless the account has a listed Payable on Death beneficiary or the account was specifically devised in the will.
Is texting considered part of cyberspace?
Which of the following is not considered a part of cyberspace ?
Different Kind of liabilities?
There are many forms of liabilities, they should be recognised when they are able to be reliably measured and are certain. They can be categorized into Current and Non-Current depending on the operating cycle of the business (typically anything beyond 12months is non-current). A liability is an obligation on the part of the business resulting from a past transaction that requires a future outflow of resources. Some examples include: Accounts Payable Notes Payable Bank Loan Interest Payable Salaries Payable Employee Deductions Payable Unearned Revenue A + L = OE Accounts must balance to that equation.
What is accounts payable cycle?
Account Payable is a major part of Accounti g cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
Is accounts payables a part of an asset or a liability?
When company purchases supplies from vendors they are require to pay them at the same time but instead of paying them out immediately they got the time to pay in future so it is the liability of the company to pay them that;s why accounts payable is liability and not the asset.
