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"Payable by return" refers to a financial obligation or payment that is due immediately upon receipt of an invoice or request for payment. It indicates that the recipient is expected to provide payment promptly, often within a short time frame, usually within a few days. This term is commonly used in business transactions to emphasize the urgency of settling the payment without delay.
What else can I help you with?
Is accounts payable a debit or a credit on a trial balance?
Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased, or overstatement of purchased merchandise.
A delay in the payment of accounts payable?
A firm would delay the payment of Accounts Payable because they could use the money to invest in short term investments and earn some return
What does POD mean on bank statement?
Payable on death
What does the mean of M30 payment terms?
Payable in 30 days
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
What does payment by return mean?
payable by return
Is accounts payable a debit or a credit on a trial balance?
Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased, or overstatement of purchased merchandise.
What is mean by payable and outstanding payable?
Those expenses have to pay pay
A delay in the payment of accounts payable?
A firm would delay the payment of Accounts Payable because they could use the money to invest in short term investments and earn some return
What does POD mean on bank statement?
Payable on death
What does the mean of M30 payment terms?
Payable in 30 days
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
How should a return of merchandise purchased on account be recorded?
As a debit to the accounts payable account and a credit to the purchases returns and allowances account
What is on the debit and credit side of the trial balance?
If you do a Trial Balance and your Credits Equal your Debits, then more than likely your books are correct. In double entry accounting the debits and credits must balance or be equal.Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased,...
WHAT IS etd payable?
ETD payable = Employer Tax Deductions Payable
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
What does POD on a bank statement mean?
on a bank account statement, it means Payable On Death
