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Stock subscription payables is debt?

stock subscription payables is debt ?


What is the definition of intercompany?

The definition of intercompany is a number of individuals assembled or associated together. It can also mean an assemblage of people for social purposes.


If two separate companies have the same owner can there be an intercompany account between the two?

Yes you will have intercompany entries as they are separate legal entities


Is payables a liability?

Yes, payables are those that are not yet payed or plainly, a liability. ;3


What is the abbreviation of Accounts Payables?

AP


Is credit sales in account payables?

no


When do you use intercompany accounts?

To record transactions between related companies


What is intercompany market?

The intercompany involves direct lending between companies. The supply of funds in the intercompany market comes from companies that have cash flows surplus to their current requirements. The demand for funds comes from companies who do not have cash flows sufficient to meet their current obligations. Given the nature of trading within the market, it is regarded as an example of a money market.


What is trade and other payables?

Trade and other payables refer to the liabilities a company owes to its suppliers and creditors for goods and services received but not yet paid for. This category includes trade payables, which are amounts owed to suppliers for inventory purchases, as well as other short-term obligations such as accrued expenses and taxes payable. These payables are recorded on the balance sheet and are crucial for managing a company's cash flow and working capital. Proper management of trade and other payables is essential to maintain good supplier relationships and ensure financial stability.


What account type is an intercompany account on the chart of accounts?

Other Debtors account


Why do we emphasis the philosophy of Intercompany vs intracompany?

Emphasizing the philosophy of intercompany vs intracompany relationships is important because it helps organizations understand the dynamics between different entities within a group or conglomerate. Intercompany focuses on relationships between separate legal entities, highlighting issues such as transfer pricing and intercompany transactions, while intracompany emphasizes relationships within the same legal entity, focusing on organization-wide collaboration and communication. Understanding and managing these relationships is crucial for effective decision-making, financial reporting, and overall business performance.


What is a deferred taxes payables?

The taxes which is owed by a corporation in the goverment authority.