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![]() Related Questions Latest Answer : If the bill is to be paid directly to the customer it is bill payable and if the transaction is through bank then it is account payable. ... Read Answers (4) | Asked by : Rajeshwari Latest Answer : Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment. ... Read Answers (3) | Asked by : vinay dayal dadu Latest Answer : Oracle and SAP ... 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 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 ... 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 ... 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 ... Latest Answer : Accounts Payables & Bills Payable looks one and the same but the only difference here is Bill Payables talks about making payment to Vendors whereas Accounts payable deals with internal adjustments to Cost Centre & General Ledger Accounts.Eg: ... Why does a company/business require an Accounts payables process? Latest Answer : Accounts payable process is required in a company because this will help and guide the accountant to manage their payables with in the normal course of the business.This includes verifying and checking the invoice details including the credit terms, due ... What is STPI ? why STPI knowledge required in Accounts Payable ?
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