answersLogoWhite

0

A payable order is a financial instrument or document that instructs a bank or financial institution to pay a specified amount of money to a designated recipient. This order can take various forms, such as a check or a promissory note, and is typically used in transactions where one party owes money to another. The order must be properly signed and may include details like the payment amount, date, and payee information. Once issued, the recipient can present it to the bank for payment.

User Avatar

AnswerBot

6mo ago

What else can I help you with?

Related Questions

What is a postal order?

It is a written order for the payment of a sum to a certain individual.It is obtainable and payable at a post office.


What is postal order?

It is a written order for the payment of a sum to a certain individual.It is obtainable and payable at a post office.


What are dividend checks?

an order of payment (such as a check payable to a shareholder) in which a dividend is paid


What is a purchase order in accounts payable?

Purchase order is a formal request to vendor for purchase of units of items or inventory.


What can one do with an accounts payable clerk?

An accounts payable clerk is a position where one works in a specific division of an accounting department. An accounts payable clerk is the one that is responsible for making payments on behalf of the company one works for in order for payments to be made on time.


To whom do I make the money order for my passport?

You should make the money order for your passport payable to the U.S. Department of State.


How can I make a check payable to someone else?

To make a check payable to someone else, write their name on the "Pay to the Order of" line on the check. Sign the check at the bottom to authorize the payment.


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.


How are a schedule of accounts payable prepared?

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


Does money order have to be made payable to someone when purchased?

Yes, a money order must be made payable to a specific person or entity when it is purchased. The purchaser fills out the "Pay to the Order of" section with the recipient's name, making it a secure method of payment. Once filled out, it can typically only be cashed or deposited by the designated payee.


Is salaries payable a liability?

Salaries payable is liability payable in future time period.

Trending Questions
What is break even stripping ratio? How do you clear credit of suspense account? Describe your experience in preparing and monitoring budgets? Is it safe to send a voided check? What is pay called after tax and other stoppages? If the company sells shovels for 27.75 each The variable cost per shovel is 14.25 The company's monthly fixed costs are 2538 what would the company's break even point be? After you complete your tax return you may find you owed money by the federal government this is called your? What opportunities exist for job enrichment in accounting? What does it mean By ready to invoice? If you've recently paid off several credit cards how long does it take for the zero balances to show up on your credit report? Describe the nature and scope of Financial Accounting? How much tax do businesses pay on average? Which DWCF Business Area provides storage and physical inventory control of the majority of defense materials worldwide? What does it mean that payment must be postmarked within 30 days from the invoice date? taxes for LLC FORM 1065 requires a balance sheet. With rental real estate (some properties fully depreciated)as primary business, should the balance sheet carry the properties as book value or current market Are there limitations created by carrying low? What is stock holding policy and how is selling price determined? Is depreciation expense is nominal account? What corporation gives out its profits as dividends paid to whom? What is the contents of trial balance? What is the importance of a cash memo?