Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
Accounts Payable
Accounts Payable clerk
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
Accounts Payable
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
Accounts Payable clerk
Accounts payable, liabilities.
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
are accounts payable accounts that expect will be paid to u
When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250
Accounts Payable is a liability. Accounts receivable is an asset.
Yes Accounts payable is a variable cost.