Capital
As for as the meanings of debit and credit is concerned, in accounting it has no specific meanings. Rauther they reflect the situation as follows Debit is a situation where assets, expenses, drawings and losses are increased OR Liabilities, capital , revenue or profit are decreased. Credit is a situation when assets, expenses, drawings and losses are decreased OR Liabilities, capital , revenue or profit is increased. the above statement can be mentined as folows. __________________________________________ Dr. Cr. ------------------------------------------------------------------- Assets Expense Drawings + (-) Losses Capital Liabilities (-) + ___________________________________________ submitted by nadeemlatifkhan.com Nadeem Latif Khan, SIalkot. PAkistan Revenue Profits
An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe". ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability. Rahul
Amount of taxes that were overpaid to the IRS The excess amount of your withholding and estimated tax payments would be the amount that is MORE than your federal tax liability on your correctly completed federal 1040 income tax return and would be the amount of the REFUND that you could possibly receive after sending your tax return to the correct IRS address. Overpayment amount of taxes
The word cashed means that the value of something has been turned into cash. For example, if a cheque is cashed, the cheque has been handed over and the person now has the cash value of it in money.
Profit is an excess of returns over outlay.
The plural form of "liability" is "liabilities."
The word 'excess' is both a noun and an adjective. Examples:Noun: We have an excess of twelve students over capacity for this bus.Adjective: Please call for an additional bus for the excess students.
Other words/terms for personal goal include: personal aim personal objective
Accounts payable, liabilities.
Capital
There was an excess of liquid in his body.He drank in excess the other night.
The word excess is a noun and an adjective (excess, more excess, most excess). Example uses:Noun: The excess is picked up by the City Harvest charity at the end of the day.Adjective: This butcher always trims the excess fatbefore weighing the meat.
The word 'excess' is both an adjective and a noun.The noun 'excess' is a word for an amount that is more than the usual or necessary amount; a word for a thing.Example uses:Mother saves the excess material for quilting. (adjective)An excess of goods is stored at our warehouse. (noun)
There was alot of excess icing for the cake.
excess
The root word of 'excessive' is 'excess'.Here are two example sentences that help to show this:'The amount of food on the table was excessive.''There was excess food on the table.'