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Answered by: raghunath.bhat
View all answers by raghunath.bhat
Member Since Jul-2008 | Answered On : Jul 1st, 2008
Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment.
Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment.
Accounts payable cycle starts with cash. Cash converted to goods, goods converted into credit sales, credit sales converted to creditors, and finally creditors converted to payables.