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What else can I help you with?
What do Current liabilities include in accounting?
Accounts Payable, bank overdraft, GST payable
What accounting applications are you familiar with?
accounts payable
What is other payable?
Other payable refers to other accounting enterprises like temporary receipts, debits and other similar charges. These expenses are outside of the usual accounting enterprises like accounts receivable, employee benefits payable, and taxes payable.
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
Example of unadjusted trial balance in accounting?
accounts payable
What do Current liabilities include in accounting?
Accounts Payable, bank overdraft, GST payable
What accounting applications are you familiar with?
accounts payable
What is other payable?
Other payable refers to other accounting enterprises like temporary receipts, debits and other similar charges. These expenses are outside of the usual accounting enterprises like accounts receivable, employee benefits payable, and taxes payable.
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
What are the Accounting entries for commissions payable?
rent payable a/c d/r to cash or bank a/c
Example of unadjusted trial balance in accounting?
accounts payable
Accounting entry of accounts payable?
expenses debit to party
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
What taxes are paid on used cars in Saskatchewan?
GST is payable on a used vehicle bought at a dealership. PST is only payable on a used vehicle in Saskatchewan if it has never been paid before.
Is decrease to accounts payable debit or credit?
Debits decrease the balance of the Accounts Payable account. Accounts Payable is presented in the Liability section of the Balance Sheet. If you purchase a printer for $200 and enter the bill into the accounting program, the program will debit the expense account you choose (e.g. Office Equipment) for $200 and credit Accounts Payable $200. Then, when you pay the bill, the accounting program will debit Accounts Payable $200 - thereby canceling out, you might say, the earlier credit. (And the accounting program will, of course, also credit the Checking Account by $200.) So when we enter bills into the accounting program, Accounts Payable is credited. And when we pay the bill, Accounts Payable is debited, its balance is decreased.
What is the key accounting considerations relating to accounts payable are?
Determining their existence and ensuring that they are recorded in the appropriate accounting period
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.
