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An open accounts payable report will show?
monthly reconciliation
What statement does Accounts payable show?
Balance sheet of the company shows the total amount of accounts payable for a fiscal year of business.
Why does an accounts payable show up on your balance sheet when you have cut checks for those bills?
no
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
Can you have accounts that have been closed for 2 to 4 years removed from your credit report?
If your question pertains to closed, positive, accounts; you do not want tyis type of account removed (or more accurately, shielded from view) on your credit file. Old positive accounts still show past payment history. If these accounts were open, they would be aiding your credit score by lengthening the time you have had open credit. But, even when closed, they show past credit history. This is good thing, and not something want removed. If your question pertains to accounts with derogatory information; those items may legally show on your credit for 7 years from the date of last activity. After 2 to 4 years, you can write a letter of dispute to the credit bureaus. If the accounts are not verified within 30 days, they must be shielded. If verified, they will not only remain on your credit report, but also get updated. This won't change the length of time they show on your report, but MAY effect how much they impact your score.
An open accounts payable report will show?
monthly reconciliation
What statement does Accounts payable show?
Balance sheet of the company shows the total amount of accounts payable for a fiscal year of business.
Why does an accounts payable show up on your balance sheet when you have cut checks for those bills?
no
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
Does cash flow statement show sales?
cash flow statement don't show the sales but changes in accounts receivable and payable are shown in it.
How are you affected by your 3 credit report scores?
The report scores show how well you handle credit. Such as paying back the debt owed or handling of bank accounts. If you have bad credit you may not be able to get loans or open certain bank accounts, or have a large credit card amount.
Can you have accounts that have been closed for 2 to 4 years removed from your credit report?
If your question pertains to closed, positive, accounts; you do not want tyis type of account removed (or more accurately, shielded from view) on your credit file. Old positive accounts still show past payment history. If these accounts were open, they would be aiding your credit score by lengthening the time you have had open credit. But, even when closed, they show past credit history. This is good thing, and not something want removed. If your question pertains to accounts with derogatory information; those items may legally show on your credit for 7 years from the date of last activity. After 2 to 4 years, you can write a letter of dispute to the credit bureaus. If the accounts are not verified within 30 days, they must be shielded. If verified, they will not only remain on your credit report, but also get updated. This won't change the length of time they show on your report, but MAY effect how much they impact your score.
What are accounts payable?
Accounts payable is the liability (debt) account a company uses to show the total amount they owe to outside vendors that will be paid off in 12 months or LESS (Edit: but see below).For example, if a company buys a computer for $3,000 on account and will be paying the computer off in 12 months or less, the transaction is recorded as an Account Payable.*remember, this is for accounts that will be paid off in 12 months or less, anything longer, such as 13 months must be recorded as a Note Payable, but only if the company owing the money has signed a written promissory note promising to pay. If there is no Note evidencing a debt, there is no basis for recording a Note Payable (edit 8/29/2012)Also edited 8/29/12 to add:Ordinarily, vendor bills for all non-compensation or non-tax amounts owed for expenses incurred, or inventory or materials acquired, in the ordinary course of business are posted to Accounts Payable until they are paid off, because the presumption is that ordinary trade expense bills will all be paid within the accounting cycle, unless there is clear evidence to the contrary, in which the debt can be shown as a non-current payable.When a bill sitting in Accounts Payable is finally paid, the Accounts Payable account is debited to show the decrease in the company's liabilities (debts).Some amounts that a business can owe are not posted to Accounts Receivable. Certain big items, such as payroll and taxes due, get their own liability accounts, Wages Payable and Taxes Payable. The same is true for loan repayments due to a bank. But these are large and important items, and it's better bookkeeping to separate them from the Accounts Payable account. (end of edit)In other words...Accounts payable is money that a business owes.
Does accounts receivables show how much money is owed to the company?
That is correct. If someone owes me money, then that is money that I am going to receive, if the loan is paid, hence that account can be classified as accounts receivable. If there is money that I owe, which I therefore intend to pay, then that is classified as accounts payable.
What is journal entry of the fuel refilling?
The journal entry for fuel refilling would involve debiting the fuel expense account to recognize the cost of fuel purchased and crediting the cash or accounts payable account to show the payment made or liability incurred. This transaction reflects an increase in expenses and a decrease in cash or an increase in accounts payable.
If a packing slip show a shorage the accounts payable dept should?
if some goods from a purchase order are damaged reciept return to the supplier, the a/p dept should
The accounts that you discharged in bankruptcy should no longer show on your credit report after 1 year?
The accounts can remain up to seven years after the last payment was made, but will show a zero balance due to a bankruptcy filing.
