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What is the root word of the the word pension?
The root word of the word "pension" is the Latin word "pensio" which means payment or reward.
What word is the root for salary?
The root word for "salary" is "salarium," which comes from the Latin word "salarium," meaning "payment."
What is the root word of tributary?
The root word of 'tributary' is "tribute," which comes from the Latin word "tributum" meaning "a tax or payment."
What does "payable in advance" mean and how does it impact the payment process?
"Payable in advance" means that payment is required before receiving a product or service. This impacts the payment process by ensuring that the provider receives payment upfront, reducing the risk of non-payment or late payment.
What does payment by return mean?
payable by return
Payment on a long-term note payable affects working capital whereas payment on a short-term note payable does not why?
Foolish questions are not answered
Payment of accounts payable will have what effect on total assets?
Payment of account payable will reduce the total assets. When you pay your bills, you take money out of your account.
Responsible for payment?
The Accounts Payable clerk is responsible for providing payment on an account.
Payment on a portion of Accounts Payable will?
decreases the liability.
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
Which entries records the payment of an account payable?
Debit (decrease) accounts payable and then credit (decrease) cash.
What is an increase in Accounts Payable?
An increase in Accounts Payable means that the company has received more invoices that are due for payment.
