please explain briefly about account receivables and
payables
- 2 Answers
- 7921 Views
- Siemens, Wipro, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
what is the Differed Tax Liability & How it is calculate ?
What is the difference between personal account real account and nominal account?
what is t code of all expences general legder?
What is short term solvency ratio?
What is full rate on plywood box in haryana sale tax:
what is the difference between profit center area and business are.? please make me clear.
Which kind of transactions are not recorded in the books of account?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Why some asset accounts have a credit balance?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
pls let me know double entry of 'LEASING"
What is batch input? why we use batch input session in SAP(FICO)?
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
Tell me what steps would you take to increase revenue for this company?
How to prepare HSD statements in tally
