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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?
vijay.rathinavel
- Mar 13th, 2010
The WIRE payment there is no specific expansion.Incase WIRE payment means the payment will reach vendor within a days.Incase of EFT the payment will reached by the vendor it will take 3 days.(required SWIFT code, Account number, ABA number etc)
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Form 1099
What is the for 1099 - Misc used for?
Gandhevi
- Aug 17th, 2008
1099 form is an Internal Revenue Service(IRS) tax document i.e., sent to businesses or individuals after calender year end. It is used by them for reporting taxable income to the IRS.It is not issued to Corporations & Non-Profit/Non Exempt organizations.Regards,Vinod.
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Difference between account payable and bills payable
Gandhevi
- Aug 17th, 2008
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 adjustment...
Nishchint_2006
- Jul 14th, 2008
Accounts payable consist of debtors & bills receivable,where as bills receivable is part of accounts receivable,if you have doubt plz check in Ratio analysis full fledged knowledge books
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End to End process of AP
Please explain end to end process of accounts payable. I mean, Invoice processing to Payment.
