meaning of accounts payable
- 13 Answers
- 26263 Views
- Accounting, Volkswagen, I also Faced
- E-Mail Answers
Answer Posted / sonia gupta
Accounts payable is a file or account that contains money
that a person or company owes to suppliers, but has not
paid yet (a form of debt). When you receive an invoice you
add it to the file, and then you remove it when you pay.
Thus, the A/P is a form of credit that suppliers offer to
their purchasers by allowing them to pay for a product or
service after it has already been received.
| Is This Answer Correct ? | 22 Yes | 7 No |
Post New Answer View All Answers
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
What are the general Ledgers?
What is Compliance?
What is the use of final account?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Do you need an income statement if you do part time contract work at home?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
If income and expense both are equal then what it depicts
What is the Technology used to carry out trades?
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
What are the things are not Included in Annual Reports?
Explain significance of Nastro and Vastro in accounts?
what is the uniform public construction cost accounting act?
Pls Explain Accounting Standered 1,3,11,29
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
