what is accounts payable ..what is accounts receivable
Answer Posted / thejaswini
To pay of a short term debt to its creditors it is called accounts payable & Money owed by the customer (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used but not yet paid for is accounts receivables
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
How you can adjust entries into account?
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
is goods in transit will be liable for entry tax ?
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
Explain purchase day book.
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
Why is accuracy important in accounting?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
Tell me what is the abbreviation for the accounting terms debit and credit?
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
What are the advantages of double entry system?
What is meant by partitioning?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.