yes
cash in bank
in at least two different accounts.
Accounts Payable aging report helps the management to evaluate that which of there payments are going to due at which date in this way this helps the management to assign or manage the amount requires to pay when they are due to pay.
All accounting entries requires Special posting keys to perform any specific kind of transaction like accounts payable entry will use separate posting key while accounts receivable entry will require separate posting key to perform transactions in SAP which insures the transactions in correct ledgers.
The matching principle requires that the cost of bad debts (defaults) need to be anticipated as an expense in the period of the sale. (Since allowing customers credit does increase sales.)A 'buffer' needs to be created in the period of the sale, that can absorb losses in future periods in case of default. There are two methods to do this.Percentage of sales methodWith the percentage of sales method a percentage of the sales is book as an expense.Ageing of accounts methodWith the aging of accounts method, the risk in end of period accounts receivables is estimated. Expenses are booked so that the allowance (buffer) can absorb this amount of losses.
A control account is an account found in the general ledger such as accounts receivable,Accounts Payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are.When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words.
A control account is an account found in the general ledger such as accounts receivable,Accounts Payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are.When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words.
cash in bank
Not all saving accounts have monthly fees. Checking accounts usually do however and also require a minimum amount in the account, TD Bank for example requires a minimum of 100 dollars after age 24 but free saving accounts and free for users under age 18 or 21.
It is possible to link Google accounts so that they may be accessed at one time with one log in. The process that this requires is detailed in full on the web domain "HowToGeek."
AP Ledger requires a subsidiary ledger to help keep the clutter down in the general ledger. The standard ledger can often fill up with a large amount of activity, making it difficult to handle.
Your option...nothing requires one or the other.
in at least two different accounts.
Lifelock requires you to enter your social security number and any available credit and banking accounts. They will then monitor these accounts for odd usage and will alert you as well as protect you from identity theft.
A banker will look after the client best interest as to what kind of accounts the client requires, how the money is to be put in the best accounts for the highest yield of interest, looks after loans and mortgages, and keeps a finger on the pulse of the economy.
Accounts Payable aging report helps the management to evaluate that which of there payments are going to due at which date in this way this helps the management to assign or manage the amount requires to pay when they are due to pay.
debit to Accounts Receivable and a credit to Sales Revenue.