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What is capital expenditure creditor?
Payable towards capital (equipments) expenditure.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
What do Current liabilities include in accounting?
Accounts Payable, bank overdraft, GST payable
What are accounts found in a balance sheet?
Basic accounts found on the balance sheet include : ASSETS Cash, Marketable Securities, Accounts Receivable, Inventory, Prepaid Expenses,Investments (Long Term), Plant & Equipment(Less Depreciation) LIABILITIES Current Liabilities include: Accounts payable, Notes, Payable, Accrued Expenses, Long Term Liabilities include: Bond Payable Stockholders Equity include: Preferred Stock, Common Stock, Capital Paid in excess of par, Retained Earning, less Treasury Stocks.
What is a list of the Permanent Accounts in Accounting?
Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Wages Payable, Capital
What is capital expenditure creditor?
Payable towards capital (equipments) expenditure.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
What do Current liabilities include in accounting?
Accounts Payable, bank overdraft, GST payable
What are accounts found in a balance sheet?
Basic accounts found on the balance sheet include : ASSETS Cash, Marketable Securities, Accounts Receivable, Inventory, Prepaid Expenses,Investments (Long Term), Plant & Equipment(Less Depreciation) LIABILITIES Current Liabilities include: Accounts payable, Notes, Payable, Accrued Expenses, Long Term Liabilities include: Bond Payable Stockholders Equity include: Preferred Stock, Common Stock, Capital Paid in excess of par, Retained Earning, less Treasury Stocks.
Payment on a long-term note payable affects working capital whereas payment on a short-term note payable does not why?
Foolish questions are not answered
Is vacation pay payable on bonus amounts paid?
A bonus is exactly that, a bonus. There is no requirement for there to be any calculation regarding a bonus.
What is a list of the Permanent Accounts in Accounting?
Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Wages Payable, Capital
Is additional paid in capital an asset?
Additional paid in capital is an asset to a business. If this type of capital has to be paid back to a financial institution, then it will also become an accounts payable or liability.
Wages belong to which expenses?
Wages Payable, or Payroll Liabilities. Also, classifies as Capital Expense.
What are the accounting journal entries for guaranteed payments to partners?
Debit:Partners Capital Credit: Accounts Payable
Is accounts payable consider a part of the current liabilities?
Yes, accounts payable is considered part of current liabilities. It represents the amounts a company owes to its suppliers for goods and services received but not yet paid for, typically due within one year. Current liabilities also include other obligations that are expected to be settled in the short term, making accounts payable a key component of a company's working capital management.
Can you provide examples of assets and liabilities in a company's financial statements?
Assets in a company's financial statements include cash, inventory, equipment, and investments. Liabilities include loans, accounts payable, and bonds payable.
