B.Accounts payable, bank overdraft, wages payable, stationary C.Accounts receivable, bank overdraft, wages payable D.Accounts payable, borrowing from the public, bank overdraft, wages payable. 参考答案:D 9.Which of these accounts has a normal debit balance? A.Rent Expense B.Withdrawals C.Service...
Does the Accounts Payable account have a normal balance of a debit or a credit? Do we count wages payable as liabilities? If wages payable in the ledger is a credit what is the balancing debit? Explain how to document collected accounts receivable balance sheet. ...
(d) the dividend (or that part of the dividend in respect of which a right of election has been accorded) shall notbepayableonshares in respect whereof the share election has been duly exercised (“the elected shares”) and in lieu and in satisfaction thereof shares shall be allotted credit...
The title of the current liability account containing the amounts owed for vendor invoices and other bills that have been approved but not yet paid. The normal balance in Accounts Payable is a credit balance. Amounts owed which did not involve a promissory note. If a promissory note is invol...
what the company has received the proper unit costs, calculations, totals, terms, etc. To safeguard a company’s cash and other assets, the accounts payable process should haveinternal controls.A few reasons for internal controls are to: ...
a. Depreciation Expense b. Salaries Payable c. Unearned Revenue d. Accounts ReceivableWhich of the following accounts has a normal debit balance? a. Cost of Goods Sold. b. Accumulated Depreciation. c. Notes Payable. d. Common Stock.Wh...
Accrued expenses can sometimes be an estimated amount of what’s owed as a result. This is later adjusted to the exact amount when the invoice has been received. Accounts payable is the total amount of short-term obligations or debt that a company has to pay to its creditors f...
d.all of the above2.Which of the following types of accounts have a normal credit balance?a.assets and liabilitiesb.liabilities and expensesc.revenues and liabilitiesd.capital and drawing3.The asset created by a business when it makes a sale on account is termeda.accounts payableb.prepaid ...
应付账款(Accountspayable) Talkingaboutthemanagementofaccountspayable Themanagementofthecorrespondingaccountsreceivablehas becomeanimportantmeansforenterprisestoacceleratecapital turnoverandreduceoperatingrisks,andisthefocusof enterprisefinancialmanagementandevenmanagement.In contrast,themanagementofaccountspayableisrarely ment...
However, a normal level of receivables turnover is different for different industries. Also, very high values of this ratio may not be favorable, if achieved by extremely strict credit terms since such policies may distance potential buyers thus reducing sales....