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Company accounts are a disclosure of the financial information of a limited company, usually provided in the form of a profit & loss account and a balance sheet. Company accounts are usually filed annually.
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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.
What is the cash account in a company's ledger?
The cash account in the company's ledger is Bank.
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.
Impact on accounts payable if the company pays the account?
An account payable is a debt the company owes and maintains a credit balance, the impact on the account if a company pays the debt is a decrease in what the company owes or a decrease in the account payable. This means a debit will be added to the account to "decrease" the balance.
Can a company director withdrawal cash for drawings account from company?
Yes, but it will be treated as a drawings account.
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.
What is the cash account in a company's ledger?
The cash account in the company's ledger is Bank.
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.
Impact on accounts payable if the company pays the account?
An account payable is a debt the company owes and maintains a credit balance, the impact on the account if a company pays the debt is a decrease in what the company owes or a decrease in the account payable. This means a debit will be added to the account to "decrease" the balance.
Can a company director withdrawal cash for drawings account from company?
Yes, but it will be treated as a drawings account.
What is a sales account?
A sales account is the account that actually records a company's profits. The account is normally taken after all employees are paid and all company expenses are doled out.
What is a parent company account?
Parent company account is the parent's company in consolidated financial statments where parent and child relationship exists in group accounting.
Can a company open PPF account for employee instead of PF account?
No.
How do you cancel my orangeshark account?
Contact the company you open the account with and say you want to cancel the account.
Company Account will be maintain under which account?
company's account will be maintained under co's p&l a/c. they work according to the rules of co's act 1956.
What is the type of account when a company holds dollar account in an Indian bank?
This type of account is called "foreign currency account".
How do you get to look up your account?
Go to the website for the company who has your account. There, you can register and set up an account and password for access to the account.
