not sure but im about to find out with in the next few days will respond after I find out
accounts payable are the amounts owing by the business to its creditors.in a situation where the accounts payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
debit office suppliescredit accounts payable
Because money is being received from customer we are not owing.
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
Accounts Payable are the amounts owing by the business to its creditors.in a situation where the Accounts Payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
Accounts Payable are the amounts owing by the business to its creditors.in a situation where the accounts payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
accounts payable are the amounts owing by the business to its creditors.in a situation where the accounts payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
Debtor.
A——T
Flowing honey
debit office suppliescredit accounts payable
Due to the fact I lost my job, I ended up owing money to the credit card company.
Generally, no, it is possible if it is for an outstanding fine
America was getting rich by not owing anyone interest on the money they were printing themselves. Great Britain viewed America as becoming too independent. The Currency Act of 1764 was another straw that lead to the America Revolution.
Yes.
Owing money to someone or some institution