0
Is it better slows down the rate of payments on accounts payable in order to make more funds available for operations?
Wiki User
∙ 10y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
Do company payments decrease accounts payable?
yes.
What can one do with an accounts payable clerk?
An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.
What is the report that shows the money owed to vendors called accounts receivable report monthly payments will statement Accounts Payable aging report or balance sheet?
Accounts payable
What is stretching account payable?
Stretching accounts payable has to do with making payments. When a company makes the payment after the due date, yet only pays what is due, not any penalties. This is stretching accounts payable.
Accounts Payable represent what on the balance sheet?
Accounts Payable on the Balance sheet represents a liability. It is the amount to be payable by the business/person to which/whom such balance sheet relates. It generally includes short term payments. The payments which need to be made for day to day business activites.
How do you calculate accounts payable?
Accounts payable are invoices from suppliers to a company that need made payments on. One would have to get the total dollar amount of purchases during a given time.
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
What are the accounting journal entries for guaranteed payments to partners?
Debit:Partners Capital Credit: Accounts Payable
Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
What decreases accounts payable?
Making payments to the people to whom you owe money. Or perhaps, you've had a debt forgiven for some reason, this would also reduce the accounts payable (not too likely that this will happen though)
