It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
No actually... Cash paid to credits should credit cash account and debit payable account
No actually... Cash paid to credits should credit cash account and debit payable account
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
yes it does
No actually... Cash paid to credits should credit cash account and debit payable account
Decrease in notes payable reduces the cash flow because payment is made to creditors.
Decrease in accounts payable causes the decrease in cash flow because decrease in accounts payable means that creditors are paid of and hence cash is decreased when somebody paid.
Account payable are a source of cash because when you increase your account payables, you are given credit on the assets you bought, which represent cash.
Example: Accounts payable balance = 1000 Cash Balance = 1000 Transaction 100 paid to creditors from cash Journal Entry [Debit] Accounts payable 100 [Credit] Cash 100 New Accounts balances Accounts payable 900 Cash 900
At Chase, checks payable to cash are only negotiable by the account holder for the account the checks are written from.