0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is tax generally payable in money?
absolutely
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
Where do you record account payable?
Debit (decrease) accounts payable and then credit (decrease) cash. Accounts receivables are the money that is owed to a business, accounts parables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts.the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger."
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
Is tax generally payable in money?
absolutely
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
What is payable gold?
It is able to be sold for money.
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
Where do you record account payable?
Debit (decrease) accounts payable and then credit (decrease) cash. Accounts receivables are the money that is owed to a business, accounts parables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts.the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger."
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 is the nature of account payable?
Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts...the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger"....
What is money owed to a business called?
Accounts Payable
What is the money owed to creditors called?
Accounts Payable
What is trade payable?
A trade payable is another term referred to as an account payable. Most companies have an accounts payable department responsible for making sure money is paid to other parties that the company received a service from.
From a company's point of view what are accounts payable?
Bills. Accounts payable is money we pay for services and/or equipment. It's usually a negative toward the equity unless it is a payable for a net asset.
What is account payable and receivable?
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
