An Accounts Payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".
ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability.Rahul
accounts payable
Accounts Payable
after all current entries are posted
Accounts Payable clerk
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
accounts payable
debit memo
Accounts Payable
after all current entries are posted
Accounts Payable clerk
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
whats is the meaning of payable schedule?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
are accounts payable accounts that expect will be paid to u
When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250
Accounts Payable is a liability. Accounts receivable is an asset.
Yes Accounts payable is a variable cost.