 Related Questions Latest Answer : I have handle monthly 100 invoices ... Latest Answer : It is an obligation to pay an amount in money, goods, responsibility or services to another party. The balance sheet lists liabilities.
The Account equation
Assets = Liabilities + Owner's Equity
is the Mathematical structure of Balance sheet ... Latest Answer : The A/P department people will take certain limits and measures. They are1. Aging invoice2. Is there any disputes3. Discrepancy'sGenerally Invoices may be paid at the terms and conditions and the same time A/P people try to fully utilise the days, discounts, ... Read Answers (2) | Asked by : Karen Latest Answer : Every Company has different pay scales according to the HR Policy. It may differ for different positions and acording to education and experience. These are called Pay Groups. ... Read Answers (1) | Asked by : sharan What is meant by functional specifications involved in PO and AP?How do you find out one organization using multi-org or single org?What is the difference between balance, account, none (automatic offset methods)?Difference between manual payment and quick payment?Purchasing and payables done at which level, Operating Unit level or SOB level? View Question | Asked by : ashok How does it works? Where does it works? What is the journal entry for that. Where it comes in the final account? Latest Answer : Accurual basis means recognising the expenses/income which is accrued to the period.But the actual expenditure is not paid.ie.,there is no outflow of cash.say for example rent for the month of march is paid in april but at year end closing the rent ... Read Answers (1) | Asked by : raju What is an Accrual entry? Latest Answer : Accrual entry is the entry to record an unaccounted expense in current month books of accounts to ensure creating a provision for accounting in subsequent month, this is an auto reversal entry, which need to be revesed on first day of subsequent month ... What is meant by RTGS? Latest Answer : Real time gross settlement systems (RTGS) .RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking ... How does one handle outstanding account payable when the business is closing and on an accural basis, but owner has no way to pay the debt, can these expenses be deducted on the final tax return?
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