contracts should be filed separate from accounts payables?
True
Accounts Payable should be capitalized if using the phrase as a proper noun. If not then it does not need to be capitalized.
If the packing slip shows a shortage, the accounts payable department should send it back.
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 the packing slip shows a shortage, the Accounts Payable department should send it back.
accounts payable
Accounts Payable should be capitalized if using the phrase as a proper noun. If not then it does not need to be capitalized.
Accounts Payable is a liability so it should be a credit balance.
If the packing slip shows a shortage, the accounts payable department should send it back.
when petty cash falls under the accounts payable umbrella, what guidlines should be set?
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 the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
accounts payable
accounts payable
No actually... Cash paid to credits should credit cash account and debit payable account
No actually... Cash paid to credits should credit cash account and debit payable account
No actually... Cash paid to credits should credit cash account and debit payable account