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Q: What is trade and other payables?
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How do you account for goods received and invoice received?

Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)


Where does Trade accounts payable go balance sheet or income statement?

Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.


Stock subscription payables is debt?

stock subscription payables is debt ?


Is payables a liability?

Yes, payables are those that are not yet payed or plainly, a liability. ;3


Is credit sales in account payables?

no


What is the abbreviation of Accounts Payables?

AP


What are interest bearing debt funds?

Interest-bearing debt funds are forms of capital that include loans, bonds, short-term notes, and interest-bearing payables to trade suppliers.


What are interest-bearing debt funds?

Interest-bearing debt funds are forms of capital that include loans, bonds, short-term notes, and interest-bearing payables to trade suppliers.


What accounts do you use to net payables with receivables?

None of the accounts are netted with each other. Both accounts are shown separately on the Balance Sheet.


Where does wages due go in a balance sheet in business studies?

Wages due (also known as "Creditors for Wages"), is listed in the Balance Sheet under "Trade and other payables" which falls under Current Liabilities. Current Liabilities again is a sub section of the Liabilities section of the Balance Sheet.


Are trade debtors added in inventory or not?

Trade Debtors form part of working capital - they are an asset on the balance sheet, but are NOT part of inventory. Trade debtors represent the amount owed by customers to a business for goods/services sold on credit (i.e.not sold for cash). Inventory usually represents a business's stock (also part of working capital) - there are normally 3 sub-categories of inventory, being Raw Materials, Work-in-Progress (or part-finished goods) and Finished Goods (i.e. goods ready to sell / deliver to customers). The other element of Working capital is Payables (or Creditors), which are amounts owed by the company to others, typically suppliers. Working Capital = Debtors + Inventory - Payables


What is a deferred taxes payables?

The taxes which is owed by a corporation in the goverment authority.