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What is the abbreviation of Accounts Payables?
AP
How do you account for goods received and invoice received?
Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)
Can the payables be written off after one year?
Yes, payables can be written off after one year if they are deemed uncollectible or if the company has determined that the obligation is no longer valid. However, the specific policies for writing off payables may vary based on accounting standards and regulations. It's essential to ensure that proper documentation and justification are in place to support the write-off. Additionally, consult with an accounting professional to comply with applicable laws and financial reporting requirements.
What is primary working capital?
Accounts Receivable + Inventory - Accounts Payables. (excludes prepaid expenses and accrued liabilities)
What firm's current liabilities?
Current liabilities are those liabilities and payables that would be paid withing 12 months
Stock subscription payables is debt?
stock subscription payables is debt ?
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
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 is a deferred taxes payables?
The taxes which is owed by a corporation in the goverment authority.
What is a credit balance item on a balance sheet?
Liability payables or provissions made.
What are the 4 different types of stretching?
Ballistic stretching dynamic stretching static stretching pnf stretching
Why is dynamic stretching better than static stretching?
what is the benefit of dynamic stretching vs. static stretching
How do you account for goods received and invoice received?
Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)
What is the journal entry to writeoff accounts payables?
Accounts Payable Cash/Bank/Goods etc
What are five benefites of stretching?
1. Stretching increases flexibility. 2. Stretching improves circulation. 3. Stretching can eliminate low Back pain. 4. Stretching is good for the heart. 5. Stretching feels good and is relaxing.
