please explain briefly about account receivables and
payables
- 2 Answers
- 8296 Views
- Siemens, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / priyul
Account Receivables means sundry debtors.
Account Payable means sundry creditors.
Account Receivables : We have sold some goods & payment is
outstanding.
Accounts Payable : We have purchased goods & we have not
made payment yet.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / ravi ahuja
Accounts payable is the obligation that a business owes to
its creditors for buying goods or services. It is the
unpaid invoices, bills, or statements for goods or services
rendered by outside contractors, vendors or suppliers.
Accounts payable are sometimes referred to as "payables."
When someone pays his or her monthly utility, phone, cable
tv bills, or Internet service provider (ISP) bills, he or
she is in a sense paying off his or her accounts payable
obligations.
| Is This Answer Correct ? | 3 Yes | 0 No |
what is the difference between a company balance sheet and that of a bank?
What is Time capital
how to pass year ending entries for VAT treatment?
What GP resew of balance sheet taking.
wahat is the journal entry for cheque paid for collection but not collected?
what is Debtors & Creditors management
If the employee has no any experience and he not achieved or he not did any specified work in his student life while he looking job if interviewer ask about any thing about his acchivement what he have to say
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
WHAT IS THE MEANINF OF BPO?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
What are the contingent liabilities ?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
0 Answers Supraveni Chemicals,
Audit 
