Accounts Payable

Salaries expense is not a permanent account because it will ultimately be closed to retained earning account at the end of fiscal year and from new year salaries expense account start with nill balance.

Increase in wages payable will increase in cash flow because cash is not paid.

debit revenue and credit receibables

3n10 net30

This is usually the way it's stated (or something similar)

2n10 net 30 means a 2 percent discount if paid within in ten days of the invoice date with full payment due in 30 days. So 3n10 would describe a 3 percent discount.

certificate of origin A/C... DR

To cash A/c.....CR

[Debit] Purchases xxxx

[Credit] Cash/bank xxxx (For Down payment)

[Credit] Notes Payable xxxx

debit accounts payable
credit notes payable

cash book

Yes, rent receivable is considered a current asset. It represents amounts due to a business for rent that is expected to be collected within one year or within the operating cycle, whichever is longer. As a component of accounts receivable, it reflects cash that is anticipated to be received in the near term, thereby supporting liquidity.

A debit to an equity account, or in this case an expense account, will increase the expense account. An increase to this account means the more expenses you have. The more expenses mean the less money you earn and therefore you make less money in your income statement because revenues - expenses = income

That is correct. If someone owes me money, then that is money that I am going to receive, if the loan is paid, hence that account can be classified as accounts receivable. If there is money that I owe, which I therefore intend to pay, then that is classified as accounts payable.

Aging accounts receivable helps determine which customers owe you and for how long, which makes it easier to determine whether a customer needs just a simple reminder or needs their account to be written off as bad debt. In doing so, you can effectively determine who to be wary of lending to and who you can trust to repay you in an orderly fashion...

The Wages section on a general ledger is the account that represents the cost of your payroll, or how much you need to give your employees for the current period.

credit

Bonds are the form of finance which a company issue to external investors to get finance for running of business and bonds are issued to raise capital to use for investment or daily operations as it is a long term debt that;s why it is the liability of the company to payback to original investors at specific future time for which debt is raised.

A 'bad debt'

Accounts payable is that amount which is payable in future and all future activities are part of balance sheet rather income statement that’s why it arrives in balance sheet under liabilities section.

a petty cashier

I understand that "Net 30" means "due in 30 days" (Net15 & Net60 mean due in 15 or 60 days, respectively, etc), but sometimes invoices simply say "NET" with no number.

In my accounting classes (25 years or so ago) I was taught that "NET" means "NET 30", so I have always assumed this to be the case. Recently a vendor demanded payment for an invoice with "NET" terms that was less about 2 weeks old. He contended that "NET" means "due immediately"

Who's right?

a petty cashbook voucher is a source document given by the petty cashier to the receiver of the money as a proof of payment.

its debit.

Dr cash/bank

Cr discount received

debit

no