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Are Amounts to be paid in 10 days to suppliers an expense?
Yes. Because it includes the cost of consumable used during a reporting period.
Why are the amounts withheld from employees' payroll check a liability of the employer?
Amounts withheld from employees' payroll checks are considered a liability for the employer because these funds are not the employer's property; instead, they are owed to third parties such as tax authorities, retirement plans, and other benefit providers. The employer has a legal obligation to remit these withholdings on behalf of the employees, which creates a financial responsibility. Until these amounts are paid to the respective entities, they represent a liability on the employer's balance sheet.
Are Advance paid a current asset or current liability?
advance paid is current asset and advance received is current liability.
Why is owner's equity a special liability?
As owners equity is likely to be paid back only at the closure of business entity, this is considered as special liability, the special being " liability to be paid at the end".
What is the meaning of outstanding liability?
The amount of liability which is yet to be paid as on the balance sheet date is known as outstanding liability
What are Amounts to be paid in 10 days to suppliers called-?
Amounts to be paid to suppliers in 10 days are referred to as net 10.
Are Amounts to be paid in 10 days to suppliers liability?
No. It is the area of law in which manufacturers or distributors are held responsible for any injury the products cause.
What are Amounts to be paid in 10 days to suppliers?
An amount of money that is to be paid to suppliers in 10 days is called net 10.
What are amounts to be paid in 10 days to suppliers called?
An amount of money that is to be paid to suppliers in 10 days is called net 10.
Bare Amounts to be paid in 10 days to suppliers Assets?
Bare amounts to be paid within 10 days to a supplier are called net 10.
Are Amounts to be paid in 10 days to suppliers Assets-?
New 10 is a term that is used to refer to amounts of money that is to be paid to a supplier within 10 days.
Are Amounts to be paid in 10 days to suppliers revenue-?
No. Because revenue only provides supply chain finances for suppliers.
AreAmounts to be paid in 10 days to suppliers liability?
Yes. It includes future payment of assets or services that a company used.
Are Amounts to be paid in 10 days to suppliers revenue?
No. Because it only provides supply chain finance for suppliers and give them the option to receive payment.
Are Amounts to be paid in 10 days to suppliers an expense-?
Yes. Because an expense is all things that you spend money on.
Are Amounts to be paid in 10 days to suppliers Assets?
The term net is used when referring to monies owed to a supplier. Money that is to be paid to a supplier within 10 days is net 10.
Are Amounts to be paid in 10 days to suppliers an expense?
Yes. Because it includes the cost of consumable used during a reporting period.
