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What is Accounts Recivable & Payble???
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Answer / a sravan
RECIVABLES MEANS ,IT IS CURRENT ASSERTS OR OUTSTANDING
INCOME.
PAYABLES MEANS ,IT CURRENT LIABLETY OR OUTSTANDING PAYMENT.
| Is This Answer Correct ? | 17 Yes | 2 No |
Money owed by customers (individuals or corporations) to
another entity in exchange for goods or services that have
been delivered or used, but not yet paid for. Receivables
usually come in the form of operating lines of credit and
are usually due within a relatively short time period,
ranging from a few days to a year.
On a public company's balance sheet, accounts receivable
is often recorded as an asset because this represents a
legal obligation for the customer to remit cash for its
short-term debts
An accounting entry that represents an entity's obligation
to pay off a short-term debt to its creditors. The accounts
payable entry is found on a balance sheet under the heading
current liabilities.
Accounts payable are often referred to as "payables".
Another common usage of AP refers to a business department
or division that is responsible for making payments owed by
the company to suppliers and other creditors.
| Is This Answer Correct ? | 3 Yes | 0 No |
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
What is Amortisation? What is the difference between depreciation and amortisation?
WHAT IS THE MEANING OF ACCOUNTING
what is FDI
what are the General Ledger (G L)Accounts?
what is the journal entries of payable?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Please provide me the entire format of P.F. & ESI
goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credited by Rs. 1200
what is ledger balance
Pass journal entries Purchased goods from mr x on credit 1000
what is ex-gratia to employees
1 Answers Chartered Accountant,
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