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Purchase Entry Record
What entry is recorded when $75.00 worth of supplies are purchased on account?
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WIRE
What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving the payment through WIRE?
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Accruals Entries
If there is oustanding payments, we have to pass accural enteries. So what are the enteries for accurals?
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Approve Invoice for Payment
What items of information do you need before you can approve an invoice for payment?
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Types of Purchase Order Status and their Relevance
How many types of purchase order's status are their and their relative significance. e.g Closed, Released, Open, etc
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Accounts Payable Entries
At which stage accounting entries gets generates in AP?
Also what is Credit balance?
How is your Team helps in generating revenue to the company?
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Journal Entries for Invoice Posting & for Payments
What are the journal entries for invoice posting & for payments activities?
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CC, GL, Profit Center, WBS elements
For Non-PO invoices, who will determine the CC, GL, Profit Center, WBS elements imprinted on the invoice?
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Calculating current liabilities
ABC Trial Balance 12/31/year 1A/P 20,000.00Bonds Payable due year 2 $ 10,000.00Dividends Payable on 02/01/year 2 $5,000.00Income Tax payable$ 15,000.00Notes Payable due 01/15/year3 $ 10,000.00in ABC's 12/31/year 1 Balance Sheet The Current Liabilities total S/B50,000.00 or 60,000.00 or 20,000.00 or 35,000.00 or $0.00
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Notes Payable
Alex has noticed a problem with the balance showing in the Notes payable account, according to a statement sent by the Bank the notes in question has a remaining balance 75,000.00 while the G/L shows a $64,000.00 balance. In researching this ALEX finds that the $3,000.00 per month payment was coded entirely to Notes payable and no entry was made to Interest Expense. What entry should ALEX make to correct...
Accounts Payable Interview Questions
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