what is accounts payable
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Answer / guest
a/c payable is bill which has to be paid by the concern
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / ekhlaque amin
Account Payable is the amount due to an organisation by the
accounting firm mainly due to credit purchase.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / baddam.venugopalreddy
accounts payable is a file or account that the organisation
owes to suppliers........
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / chandu
yes sir, accounts payble means nothing but sundry creditors,
sundry creditors includes creditors and trade creditors.
the term accounts payable use in balance sheet at liability
but not individual.
account payable means to whom we have to pay money.
In india use sundry creditors and other countries use
accounts payable like US and UK.
| Is This Answer Correct ? | 3 Yes | 1 No |
Accounts payable means the amount which is payable to the
creditor are trade creditors for purchasing goods or using
services on credit.
The word accounts payable is used other countries but in
india we use the word sundry crditor.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srinivasan
accounts payable is a money,which has been paid to
favourconcern/party, it shows which the amount goes out
from the concern or from the party those who's paying ...
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sreedhaam
Accounts receivable: this is sub-ledger Money owed to a
business by its clients (customers) and shown on its
Balance Sheet as an asset under group Sundry debtors.
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Answer / rrlgrp
account payble is amount which dues from the biz to it,s
customers.it arrises from credit sales.
| Is This Answer Correct ? | 3 Yes | 9 No |
N N SALES: DEPT A 150000 DEPT B 2500 100000 newspaper 1000 rates 500 elect 250 salary 10000 stock 1/4/92 :dept A 2300 DEPT B - stock :1/4/93 dept A 1200 dept B 700 newspaper 300 prepare trading profit and loss account. thanx
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