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Yes
Accounts Payable are funds owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities.
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Is accounts receivable a financing activity?
no it is an operating activity since accounts receivable are the person who has to give us the money and the mmoney is from sales so it in an operating activity.
When you debit an operating expense what account do you debit?
In my opinion, this question is wrong. DR Operating Expense CR Accounts Payable
How do you improve the cash operating cycle?
The cash operating cycle is a function of how quickly you pay your accounts payable, how quickly you sell your inventory, and how quickly you collect your sales (accounts receivable):Cash operating cycle = Average days' inventory + Average days' accounts receivable - Average days' accounts payable.To reduce the cash operating cycle:sell inventory more quickly,collect sales/accounts receivable more quickly orpay accounts payable more slowly.
If decrease in income taxes payable cash flow will be?
If there is decrease in income tax payable amount it will reduce the cash flow from operating activities or cash outflow from operating activity.
Are creditors accounts payable or accounts receivable?
Accounts Payable
Is accounts receivable a financing activity?
no it is an operating activity since accounts receivable are the person who has to give us the money and the mmoney is from sales so it in an operating activity.
When using the indirect method how is the decrease in accounts payable shown on the statement of cash flows?
Decrease in accounts payable is shown as a decrease in cash under cash flows from operating activities because cash goes out when we pay the accounts payable.
How do you calculate operating working capital?
net operating capital net operating capital
When you debit an operating expense what account do you debit?
In my opinion, this question is wrong. DR Operating Expense CR Accounts Payable
How do you improve the cash operating cycle?
The cash operating cycle is a function of how quickly you pay your accounts payable, how quickly you sell your inventory, and how quickly you collect your sales (accounts receivable):Cash operating cycle = Average days' inventory + Average days' accounts receivable - Average days' accounts payable.To reduce the cash operating cycle:sell inventory more quickly,collect sales/accounts receivable more quickly orpay accounts payable more slowly.
If decrease in income taxes payable cash flow will be?
If there is decrease in income tax payable amount it will reduce the cash flow from operating activities or cash outflow from operating activity.
Are creditors accounts payable or accounts receivable?
Accounts Payable
What account do you credit when you debit operating expenses?
DR Operational Expenses CR Accounts Payable
What account do you debit when you credit operating expenses?
DR Operational Expenses CR Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
