Latest Answer: cash book in credit side bank side like debit side ...
Please explain end to end process of accounts payable. I mean, Invoice processing to Payment.
Latest Answer: The AP activity starts from Invoice Processing and it gets completed once the invoice is paid. The flow of AP is as follows:Once the vendor sends the invoice for the goods or services rendered, the IP team verifies the three way match conept if its a ...
What are some common question asked about purchase orders?
What is Notional Cost?
Latest Answer: Hidden or oppurtunity cost incurred in using the already paid for assets, without taking into account the income these assets would earn if hired out to others. It is also known as Implied cost. ...
What is a Work flow? And take Retail shop as example and explain the Work flow of the Retail shop. Send the diagram/flowchart of the Retail shop Work flow.
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
Latest Answer: debit intrest and credit notes payable ...
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
Latest Answer: 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 ...
ABC had accounts payable of $150,000.00 on its books for the year ended 12/31/ year 1 before consideration of the following:Invoice # 104 dated 01/03/year 2 in amount $5,000.00 for product shipped 12/24/year
Latest Answer: A balance Sheet is a ststement of Accets, Liabilities and net worth of an individual or interprises at a given date. ...
anybody can let me know the journal entries for401k? like it affects the BS or income statement?
Latest Answer: To record 401k transactions depends on whether you are recording the employee's portion or an employer's match:Employee: Debit Salaries & Wages (Income Statement), Credit 401k Payable (Balance Sheet). In other words, the employee's ...
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