0
Reduction in a receivable or a payable that is granted if it is paid within the discount period?
Wiki User
∙ 14y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
Are creditors accounts payable or accounts receivable?
Accounts Payable
When paying on credit is that classified as accounts payable or receivable?
account payable
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
What is the difference for account receivable and accounts payable?
When company make sales in credit it creates the accounts receivable while when company purchases on credit it creates the accounts payable so accounts receivable is current asset while accounts payable is current liability.
Debit means payable ya receivable?
Payable
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
Are creditors accounts payable or accounts receivable?
Accounts Payable
When paying on credit is that classified as accounts payable or receivable?
account payable
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
Is an invoice an accounts payable?
It can be either accounts payable or receivable. If you owe someone else - the invoice is for the service you provided, it's a receivable. If the invoice is from someone you owe money to for a services - it's payable.
What is the difference for account receivable and accounts payable?
When company make sales in credit it creates the accounts receivable while when company purchases on credit it creates the accounts payable so accounts receivable is current asset while accounts payable is current liability.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is Accounts receivable is the opposite of accounts payable?
Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company
What are Bills payable and bills receivable entries?
what is bill receivable and bill payeble definition with example
What are the types of international finance?
payable,receivable,cancellation.
What is the allowances doubtful account receivable?
accounts payable
