Interested to Buy Any Domain ? << Click Here >> for more details...
what do you mean by Accounts payable
- 21 Answers
- 35060 Views
- Accenture, ICICI, I also Faced
- E-Mail Answers
Answer Posted / natesan t
Its a current liabilities have pay with in short period of
time for the goods and services render by the vendor.
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
how to prepare mba finance for interview questions
how an accountant can do budgetery controls of expenses?
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Expand---------DBPC
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
what do u mean by comparative budget?
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
what happens to each of the three primary financial statements when gross margin decreases?
Which Invoice issued on Central Sale Commercial or Retail?
What elements of your job do you find most difficult
what is the script forms standard text in fico
How can I explain p2p process in SAP?
