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Which category covers Delinquent Accounts and Account Usage?
Category 4: Card Status
On a balance sheet the accounts payable and salaries payable would fall under what category?
current liability
What does accounts receivable factoring entail?
Accounts Receivable entails balancing out invoices with cash and helping maintain a better balanced budget. Most people that handle such things are accountants who handle a company's financials.
Is accounts payable an asset?
Accounts Payable refers to the due against the company for services that the company may have received from suppliers. It's a liability and would fall under the category of 'current liabilities'.
On a balance sheet the accounts payable salaries payable and mortgage notes payable would fall under the category of?
Liabilities.
What is a balanced category?
A balanced category is a category in which every bimorphism is an isomorphism.
What category of accounts is capital?
owners equity
Which category covers Delinquent Accounts and Account Usage?
Category 4: Card Status
On a balance sheet the accounts payable and salaries payable would fall under what category?
current liability
What is the function of authorized dealer foreign exchange?
AD Category "A" branches are authorised to maintain Foreign Currency Accounts and also open and maiontain NOSTRO Accounts. "B" categy branches handle trade and Service related transactions denominated in foreign currencies and Rupees and also operate the Nostro accounts. C Category branches handle trade and Service related transactions denominated in foreign currencies and Rupees but have report through a Link Office, B category branch................
What does accounts receivable factoring entail?
Accounts Receivable entails balancing out invoices with cash and helping maintain a better balanced budget. Most people that handle such things are accountants who handle a company's financials.
Is accounts payable an asset?
Accounts Payable refers to the due against the company for services that the company may have received from suppliers. It's a liability and would fall under the category of 'current liabilities'.
Is accounts payable asset?
Accounts Payable refers to the due against the company for services that the company may have received from suppliers. It's a liability and would fall under the category of 'current liabilities'.
What is meant by error of principle?
Error of Principle occurs when one or both of the entries are posted to the wrong class or category of accounts.
On a balance sheet the accounts payable salaries payable and mortgage notes payable would fall under the category of?
Liabilities.
Outstanding Accounts receivable have a negative effect on net cash on the balance sheet?
Outstanding accounts receivable have a negative effect on the balance sheet because they money has not been received and the budget is not balanced. There is more outgoing cash than there is incoming cash until the accounts are settled.
What account type is accounts payable?
Accounts payable is a liability account. When something is purchased on account it falls under this category such as purchasing $10,000 worth of office supplies on account. You would debit the office supplies account under assets and credit accounts payable under liabilities.
