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Accounts Payable should be capitalized if using the phrase as a proper noun. If not then it does not need to be capitalized.
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∙ 9y ago
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If a packing slip shows a shortage what should accounts payable do?
If the packing slip shows a shortage, the accounts payable department should send it back.
Should Contracts be filed separately from accounts payable files?
contracts should be filed separate from accounts payables?
Do you close out accounts payable at the end of the year?
In answer to your question: no. Accounts Payable is the total amount you owe to your creditors, therefore it is a liability and should be left on your balance sheet.
When posting a column total in the purchases journal a credit should be posted to?
accounts payable
What if packing slip shows a shortage what should account payable do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
Is accounts payable a debit or creit balance account?
Accounts Payable is a liability so it should be a credit balance.
If a packing slip shows a shortage what should accounts payable do?
If the packing slip shows a shortage, the accounts payable department should send it back.
Should Contracts be filed separately from accounts payable files?
contracts should be filed separate from accounts payables?
When petty cash falls under the accounts payable umbrella what guideline should be set?
when petty cash falls under the accounts payable umbrella, what guidlines should be set?
Do you close out accounts payable at the end of the year?
In answer to your question: no. Accounts Payable is the total amount you owe to your creditors, therefore it is a liability and should be left on your balance sheet.
If a packing slip shows a shortage what should the AP department do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
When posting a column total in the purchases journal a credit should be posted to?
accounts payable
What if packing slip shows a shortage what should account payable do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
When confirming accounts payable emphasis should be put on what kind of accounts?
Vendors that the company has made a large number of purchases from (in terms of dollar value). The account balance does not matter.
Does a credit to accounts payable represents cash paid to creditors?
No actually... Cash paid to credits should credit cash account and debit payable account
Does credit to accounts payable represents cash paid to creditors?
No actually... Cash paid to credits should credit cash account and debit payable account
