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"Powers of Attorney" are legal documents and are usually very narrowly crafted and worded to allow only specific actions by the party that exercises the 'power.' If the person holding the P Of A does, in fact, have the power to do it, then, yes, it could occur. To contest the P Of A you would have to take the individual ,who was granted the P Of A, to court.
What else can I help you with?
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
What are the procedures account payable?
acoounting payable
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
What type of account is an accounts payable?
An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".
What is Accounts Payable the compliance?
account payable is the liability of creditor.
Is account payable asset or liability?
accounts payable is a liablity.
What are Accounts Payable and Notes Payable?
Accounts payable are the amounts owed to a supplier that the buyer holds an account with. Notes payable is the amount owed to creditors, that is, suppliers that the buyer does not hold an account with.
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
What is the normal balance of a bonds payable account?
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
What kind of account is Note Payable - shareholders?
Notes Payable is a Liability.
When paying on credit is that classified as accounts payable or receivable?
account payable
