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- Accounts Payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance...
- account receivable- money coming in for profit account payble-money going out for a expense .
- Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt...
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Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
Are creditors accounts payable or accounts receivable?
Accounts Payable
What is the meaning of bills payable and what are the difference between bills payble and accounts payable?
Bill payable means that bill is issued for the clearence in future date. Bill payable is issued for a temporary sattlement to accounts payable. Accounts payable are the creditors of company and which creditors required amount in emergency basis company issue them the note to be used until the actual payment is cleared so bill payable is the temporary document of evidance that amount is owed by company to creditors and creditors can use that note to fulfil their financial needs.
What is the Difference between account payable and sundry creditors?
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
Are creditors accounts payable or accounts receivable?
Accounts Payable
What is the Difference between account payable and sundry creditors?
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
What is the meaning of bills payable and what are the difference between bills payble and accounts payable?
Bill payable means that bill is issued for the clearence in future date. Bill payable is issued for a temporary sattlement to accounts payable. Accounts payable are the creditors of company and which creditors required amount in emergency basis company issue them the note to be used until the actual payment is cleared so bill payable is the temporary document of evidance that amount is owed by company to creditors and creditors can use that note to fulfil their financial needs.
What is the difference between accounts payable and notes payable?
Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt security.
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
Difference between account payable and bill payable?
When goods purchased on credit it creates accounts payable and instead of waiting for actual payment time, creditors ask the company to issue a bill which they can use to fulfill their cash needs and hence in this way accounts payable changes into bill payables.
What is accounts payable on a financial statement?
Sundry Creditors
What is the money owed to creditors called?
Accounts Payable
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
Accounts Payable represents amounts owed to debtors True False?
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
What is a liability account?
Liability Accounts record obligations of a business towards its creditors. Examples of liability accounts are Accounts Payable, Interest Payable, Wages Payable. These accounts appear on the balance sheet.
