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What is the abbreviation of Accounts Payables?
AP
What are inter-company payables?
Inter-company payables refer to amounts owed by one subsidiary or division of a corporation to another subsidiary or division within the same parent company. These transactions often arise from the sale of goods, services, or financing between entities in the same corporate group. Managing inter-company payables is crucial for accurate financial reporting and ensuring that the financial health of each entity is accurately reflected. Proper accounting for these payables helps prevent discrepancies and supports compliance with regulations.
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)
Is trade payables a current or non current liability?
Trade payables are classified as current liabilities. This is because they represent amounts owed to suppliers for goods and services that are typically due within a year. As such, they are settled in the short term, reflecting a company's short-term financial obligations.
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be written off after one year if they are deemed uncollectible or if the company has determined that the obligation is no longer valid.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.
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 are inter-company payables?
Inter-company payables refer to amounts owed by one subsidiary or division of a corporation to another subsidiary or division within the same parent company. These transactions often arise from the sale of goods, services, or financing between entities in the same corporate group. Managing inter-company payables is crucial for accurate financial reporting and ensuring that the financial health of each entity is accurately reflected. Proper accounting for these payables helps prevent discrepancies and supports compliance with regulations.
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
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)
Why is dynamic stretching better than static stretching?
what is the benefit of dynamic stretching vs. static stretching
What is the journal entry to writeoff accounts payables?
Accounts Payable Cash/Bank/Goods etc
