Accounts payable are also sundry creditors and can be found on a company's balance sheet. They indicate the credit purchases made by a company. They help determine the cash cycle and payables turnover. Answer and Explanation: The...
Since accounts receivable is the money owed to you, this will be recorded under assets, and since accounts payable is the money you owe, this will be recorded under liabilities.Accounts Receivables Accounts Payables Money owed to your business Money you own to your supplier Sundry CreditorsHow ...
将“accounts payable"翻译成匈牙利文 kötelezettségek, pénzügyi osztály, szállítói kötelezettségek是“accounts payable"到 匈牙利文 的最佳翻译。 译文示例:other accounts payable (including called guarantees not yet paid and EIB management fees) ↔ egyéb kötelezettségek (idetartoz...
It is money receivable from sundry debtors for sales made or services rendered. Read More 28::What is effective collection? Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. we can ...
Accounts payable is sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet. Check Account payble process, formula & Journel entries with examples
What is sundry debtor and what is sundry creditor? What is the difference between the sales journal and the accounts receivable master file? Why are they both important? What is the difference between a note payable and an account payable? Explain the term "accounts payable". How might a com...
Sundry creditors include Rs.40,000 payable to Honey Ltd. You are required to ascertain the (i) minority interest; and (ii) cost of control (or capital reserve). You are required to pass the necessary journal entries to record the above transactions ...
Sundry creditors10,00,000 5,00,000 2,00,000 6,00,000 3,00,000 80,000 1,50,000 3,70,000 32,00,000 Assets Goodwill Equipments (at cost) Stocks Debtors Cash at bank Advertisement suspense account 2,00,000 18,00,000 7,00,000 ...
While Maintaining Books of accounts shares Why books of accounts ( stock) maintained as a FIFO Basis Signing of Financial Statement of Accounts by Non-Resident director through DSC. Partnership firm final accounts Difference between accounts payable and sundry creditors Unanswered...
IUPAC AccountsAll amounts expressed in USDComparative Balance Sheet1Liabilities19961995Capital Account2608 4532513 028Accounts Payable227 81134 632Paulo Franzosini Fund56595659Provisions & Subaccounts3173 15587 376Prepaid Subscriptions436 6503900Sundry Creditors49626635Capital Gains Realized5–3561–17 919Auditor...