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What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
What is the meaning of accounts payable account balance has increase on the trial balance?
account payable is also called Bils paybal its show cr balance and it is a liability for the business
What is a debt called that is due to be paid with cash or with goods and services within a year called?
That debt is generally called an "account(s) payable" but may be extended to a general "current liability" based on the contract between the creditor and the debtor.
Is salary paid asset or liability?
It's neither assets nor liability if a salary is already paid, it's called expense. But a salary before the payment would be called liability and after the payment it is going to be called an expense
What you mean by account?
Account means a single entry in double entry system such as i purchase some thing for business i recorded for example Land debit and money credit these debit and credit are called accounts in accounting
What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
What meaning of accountability?
The state of being accountable; liability to be called on to render an account; accountableness.
What is the advanced meaning of accountability?
The state of being accountable; liability to be called on to render an account; accountableness.
What is the meaning of accounts payable account balance has increase on the trial balance?
account payable is also called Bils paybal its show cr balance and it is a liability for the business
Do you need liability insurance if you have a party in a school building?
Absolutely. And if the school system has anyone with intelligence they will require you to provide them with proof of such coverage in the same amount equal to their liability coverage amount. If this is a one time thing you can purchase a liability policy called special event coverage.
What is a debt called that is due to be paid with cash or with goods and services within a year called?
That debt is generally called an "account(s) payable" but may be extended to a general "current liability" based on the contract between the creditor and the debtor.
Does Big Bang have twitter accounts?
yes the thing which created the universe has a twitter account its called the big bang and it also has facebook account also called the big bang and a bebo account of the same name
Is salary paid asset or liability?
It's neither assets nor liability if a salary is already paid, it's called expense. But a salary before the payment would be called liability and after the payment it is going to be called an expense
Where can you get a free email account?
You can get free email accounts from multiple places. My personal favorite is created and hosted by Google called Gmail. A free account and be created quickly and easily at www.Gmail.com
What is the amount owed to creditors called?
liability
What you mean by account?
Account means a single entry in double entry system such as i purchase some thing for business i recorded for example Land debit and money credit these debit and credit are called accounts in accounting
ER pays 12 EE pays 12 insurance How do you book this in an journal entry?
Assuming the employee paid via payroll deduction, most companies would post the P/R deduction as a credit to Insurance Expense (or a credit to a contra-account called something like Employee's Contributions to Insurance Expense) directly from the payroll entry. However, you could also post the P/R deduction credit to a liability account called Employee Insurance Payable. Then, when the insurance invoice was posted, half would be debited to Insurance Expense and half to the liability account. This would give you more cost control if you reconciled the payable account with each invoice.
