0
Where should i put carriage inwards in Trade payable control account?
Wiki User
∙ 11y ago
trading account expenses
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
What type of account is an accounts payable?
An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
How are payable on death bank accounts handled after the account owner's death and is the executor involved in the settlement?
A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
What are the procedures account payable?
acoounting payable
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
What type of account is an accounts payable?
An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".
Is account payable asset or liability?
accounts payable is a liablity.
What is Accounts Payable the compliance?
account payable is the liability of creditor.
What are Accounts Payable and Notes Payable?
Accounts payable are the amounts owed to a supplier that the buyer holds an account with. Notes payable is the amount owed to creditors, that is, suppliers that the buyer does not hold an account with.
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
What is the normal balance of a bonds payable account?
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
