Accounts Payable

Debit cash
Credit accounts receivable / bank etc

False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.

Yes

Because the entry deals with both cash and bank

It means there is an outstanding debt for some goods or services you have received.

by the amount owed to each vendor

All kind of payables have a credit balance as a default or normal balance. So by following this rule, bank interest payable also has a credit balance as normal balance.

If the packing slip shows a shortage, the Accounts Payable department should send it back.

The Accounts Payable clerk is responsible for providing payment on an account.

A contra account balance is a debit balance account. It is a general ledger account that has a balance that is an exact opposite of a normal balance. Contra accounts are generally used to report the gross and the net amount of an organization.

The area of accounting that describes the application of substance over form is Financial non-current asset.

Any account on the balance sheet is a permanent account - 'Cash', 'Accounts Receivable', 'Accounts Payable'.

Income and expense accounts are temporary accounts because they are closed at the end of an accounting period. Examples are: 'Service Revenue', 'Office Expense', and, my personal favourite, 'Meetings and Entertainment Expense'.

Currents assets are assets that can quickly be turned into cash, therefore account receivable is because debtors can pay off their debt or the company can factor it and Property and equipment are difficult to turn into cash as you first have to find the suitable buyer and reconsider for sales

Payable on Death was created in 2003-07.

it is usually a fee of around 1500 pounds to 2000 pounds.

Accounts Payable clerk

Accounts payable on the balance sheet is the amount of money the company owes its vendors from invoices the company has received from them (and assuming the company agrees they owe the money)