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Is accounts payable considered a source of financing activities?
Wiki User
∙ 9y ago
Yes Accounts Payable is non-formal kind of source of finance because every company allows time for payment of accounts payable and due to that reasons it is source of finance for that time period.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoYes accounts payable is non-formal kind of source of finance because every company allows time for payment of accounts payable and due to that reasons it is source of finance for that time period.
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What is accounts payable considered on trial balance?
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
Is Accounts Payable considered a debit on the Trial Balance?
No, it is a Credit because Accounts payable is a Liability account.
Why is Accounts payable considered a debit on trial balance?
It is NOT, accounts payable is never considered a debit on any financial statement. Accounts Payable is a liability that a company owes and therefore must maintain a "credit" balance.
What are the three major business activities in accounting?
accounts payable, accounts receivable and taxes.
Accounts Payable is considered a on the Trial Balance?
yes, liability accounts are on the trial balance.
What liabilty accounts are liabilities that naturally occur?
Accounts payable and accruals. Notes payable and other long term liabilities accounts are considered to be a financing activities.
What is a spontaneous source of financing?
Accounts Payable is such a source.
What is accounts payable considered on trial balance?
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
Is Accounts Payable considered a debit on the Trial Balance?
No, it is a Credit because Accounts payable is a Liability account.
Why is Accounts payable considered a debit on trial balance?
It is NOT, accounts payable is never considered a debit on any financial statement. Accounts Payable is a liability that a company owes and therefore must maintain a "credit" balance.
What are the three major business activities in accounting?
accounts payable, accounts receivable and taxes.
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.
Accounts Payable is considered a on the Trial Balance?
yes, liability accounts are on the trial balance.
What is accounts payable considered on the trial balance sheet?
liability
Accounts Payable is considered a part of which of the following?
Current liabilities.
Accounts Payable is considered a part of?
They are found in the current liabilities.
Accounts payable is considered a what on trial balance credit or debit?
An account payable is a liability and would be considered a credit. Remember liabilities maintain a credit balance. Even when listing on the Trial Balance, all liabilities (including accounts payable) will be shown as their actual type, hence account payable is a credit.
