0
Add your answer:
Earn +20 pts
Are accounts payable accounts that you expect will be paid to you?
are accounts payable accounts that expect will be paid to u
How much money does the president get paid every week?
he makes 7,692.00 a week plus expense accounts
What is bills accounts receivable?
Accounts receivable is money that was owed to you being paid/
Where do accounts receivable go on the balance sheet?
Paid accounts receivable appears on a balance sheet, to the extent that the amounts paid are deducted from the accounts receivables balance and added to the bank account. Therefore, the effect on the balance sheet would be as follows: decrease in asset- accounts receivables increase in asset- Cash
Per diem how paid when paid?
It is usually paid by check, either included with the paycheck or on a separate check paid through accounts payable.
Does a decrease in accounts payable increase cash flow?
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.
What does insufficient number of accounts paid as agreed mean?
This means out of the total number of accounts you have, you have not paid on enough of them as agreed when you where issued the account. Example would be late payments.
Does accounts receivables show how much money is owed to the company?
That is correct. If someone owes me money, then that is money that I am going to receive, if the loan is paid, hence that account can be classified as accounts receivable. If there is money that I owe, which I therefore intend to pay, then that is classified as accounts payable.
Which accounts are closed in the closing entries?
Closing entries close out your temporary or "income statement" accounts, as well as your dividends paid account. All of your revenue accounts increase your retained earnings, expense accounts decrease retained earnings, and dividends paid decrease retained earnings.
How much do exterminators get paid?
I make $39,000.00 per year salary plus commissions on yearly accounts I sell.
What is an accounts receivable that is never paid called?
A 'bad debt'
What are sales made to customers which will be paid later?
accounts receivable
