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Assets, Liabilities, Owner's Capital, Drawings, Revenues, and Expenses

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What is the usual method for aging account?

The usual method for aging accounts is to list them according to the day payments are due. A chart is helpful to determine the amount owed at any given time. If the terms of the invoice are to pay within 30 days, then each 30 days out, the business would show what that customer owed at that time if only partial payments were made.


What is the Difference between account payable and sundry creditors?

Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.


Diff bet recurring and non-recurring items?

recurring are usually daily operations such as depreciation expense, prepaid expenses, accounts receivable, accounts payable, etc. They are a part of normal ongoing business. However, non-recurring items are things like gains and losses, changes in accounting policies that affects income. They are not usual a part of normal ongoing business.


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.


Difference between accounts payable and creditors?

Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance...account receivable- money coming in for profit account payble-money going out for a expense .Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt...

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What kind of drug test do they use for general motors?

The usual barage, blood, urine and others.


What is usual method for aging accounts?

The usual method for aging accounts is to list them according to the day payments are due. A chart is helpful to determine the amount owed at any given time. If the terms of the invoice are to pay within 30 days, then each 30 days out, the business would show what that customer owed at that time if only partial payments were made.


What is the correct order of the planets in their usual order outward from the sun?

Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune.


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Here are a few: average, common, commonplace, general, normal, ordinary, typical


What general won the second Battle of Bull Run?

Robert E.Lee - with the usual help from Stonewall Jackson