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What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
What is accrued liabilities?
Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!
Do I have any rights against a company I did what they asked me to make good on my acct have proof they got the payment amount they asked for but came to my house today and repossessed my shed anyway?
yes you do if you have proof but you would have to have a lawyer
If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?
If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.
How do you send a letter to collect a debt for your business?
(Your Letterhead) (Address Element) (Date) RE: Account # _________________ Dear Mr. John Doe: This is just a reminder that your payment of $_________ has not been received by our collection office. If you forgot to mail us your payment, please send it today. If you have already mailed your check, please disregard this notice. Sincerely, Creditor Company (or name of business) ________________________________________________________________________________________________________________ (Your Letterhead) (Address Elements) (Date) RE: Account # _____________________
If the payment for goods purchased today is due in 30 days?
If the payment for goods purchased today is due in 30 days, it means that the buyer has a grace period of 30 days to settle the invoice without incurring any late fees or penalties. This arrangement allows the buyer to manage their cash flow and potentially generate revenue from the purchased goods before the payment is required. It is essential for both parties to adhere to the agreed terms to maintain a good business relationship.
If late payment was to be paid today but wasnt can they reposses today?
if payment due today can it be repossed today
What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
What is accrued liabilities?
Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!
Which type of money uses a delayed payment to purchase goods?
Paying for a drum set in six months and receiving the drum set today
Is paying later for something you received today?
Yes, paying later for something you received today is a form of credit or deferred payment. It allows consumers to enjoy immediate access to goods or services while postponing the financial transaction. This practice can be beneficial for managing cash flow but may involve interest or fees depending on the payment agreement.
Why will producing investment goods today cause different results for the future of the economy than focusing more one consumer goods today?
This is because the investment goods are able to generate more revenue and consumer goods in the future compared to focus on consumer goods that are generate today. : )
How did Britten enforce taxing laws?
Pretty much the same way things are done today. Soldiers and officials would visit the individual and demand payment. If it was not forthcoming, they might seize goods and property to get the money.
How do you write a payment letter transfer from company to a person?
We are remitted payment to you today, the balance is USD59,395.
Is paypal.com the leading online payment source?
Paypal is indeed still the leading online payment source. Google launched their own version of an online payment source to rival paypal called "Google Checkout" in 2006, though today in 2011 Paypal is still leading the way.
What is the system where goods are traded for other goods called?
The system where goods are traded for other goods without the use of money is called bartering. In a barter system, participants exchange products or services directly based on mutual agreement of value. This method was commonly used before the advent of currency and is still practiced in some communities today. Bartering can facilitate trade when money is scarce or in localized economies.
What is a investment?
In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.
