The difference between trades payable and notes payable is based on the relationship with the business to which money is owed to.
Trades payable is typically with a business' supplier while notes payable is usually with a bank. Their treatment in the cashflow statements also differs.
With trades payable, the transaction is reported in the CFO (Cash flow from Operations) while notes payable under US GAAP is reported under CFF (Cash flow from financing).
No Electricity account is non-trade accounts payable as trade accounts payable are those suppliers only from which company purchase supplies for sale purpose.
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
Yes its a current liablity
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
No Electricity account is non-trade accounts payable as trade accounts payable are those suppliers only from which company purchase supplies for sale purpose.
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.
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
the answer is banana
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Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.
International trade is trade between two or more countries, while external is a trade in another country.
What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.
one is multilateral one is bilateral
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