meaning of accounts payable
Answer Posted / rakesh
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 ? | 14 Yes | 2 No |
Post New Answer View All Answers
Distinguish capital and Revenue receipts
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
Who is the maker of the promissory note
HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.
What is meant by consignment
Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
income from depreciated asset is profit or loss?
Short Answer on ________Adjusting Entries
Expand---------NMOP
what is Exposure ?
What is Home Loan Modification?
EXPAND___________NBFCS
What is the process of VAT & CST Registration?
Is interest of a business unit Operating Expense or Non Operating Expense