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Why do accounts payable ledger require a subsidiary account?
As in business company purchases materials or goods from different vendors on advance same like sales to different clients on advance, so if all clients balance is transferred to one accounts payable account then it will be impossible to keep track of saperate payments to different vendors that;s why separate accounts are maintained.
Is drawings a debit or credit?
Drawings account is contra account to owner’s capital account to reduce the amount from capital account in case of owner with drawl of money from business that’s why it also has debit balance as default balance.
What is a debt called that is due to be paid with cash or with goods and services within a year called?
That debt is generally called an "account(s) payable" but may be extended to a general "current liability" based on the contract between the creditor and the debtor.
Why drawing balance is debit?
Drawings account is contra account for reducing the owners capital account and as capital account is credit so contra account should be debit so that it can use to reduce the balance from owner’s capital.
If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?
If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.
Why does ap ledger require subsidiary ledger?
AP Ledger requires a subsidiary ledger to help keep the clutter down in the general ledger. The standard ledger can often fill up with a large amount of activity, making it difficult to handle.
What has the author A P Ledger written?
A. P. Ledger has written: 'Eastleach Martin and Eastleach Turville' -- subject(s): History
Meaning of b r s?
brs means banking reconciliation statement is comparing company bank account and banker account amount is equal . when some time company bank account amout and bank account amount not equal.they are three reasons ; a. cheque issued but not presented in bank b.cheque recived custmoer but not clear
What has the author Ivar Vegge written?
Ivar Vegge has written: '2 Corinthians, a letter about reconciliation' -- subject(s): Bible, Christianity, Criticism, interpretation, Reconciliation, Religious aspects, Religious aspects of Reconciliation
How do you chat on a wow trial account?
The same way you do with a normal account /s for just general or /p for party. It should be noted however that on trial accounts, you can not use the public channels such as /trade and /general.
Profit and loss appropriation account uses meaning?
details of profit and loss appropriation account Profit and loss appropriation account is prepared after profit and loss account..It s a account where the profits earned by the company is brought in from profit and loss accont and it s distributed to various accounts like interim divident account, provision for taxiation account, general reserve account etc.....it s a account which shows how the profits are distributed in an organisation.....
What has the author Cas Wepener written?
Cas Wepener has written: 'From fast to feast' -- subject(s): Reformed Church, Reconciliation, Religious aspects of Reconciliation, Liturgy
What has the author C Douglas Jay written?
C. Douglas Jay has written: 'World mission and world civilization' -- subject(s): Church and the world, Secularism, Missions 'Reconciliation in a broken world' -- subject(s): Biblical teaching, Church and the world, Reconciliation, Religious aspects, Religious aspects of Reconciliation
What has the author Sophie Pons written?
Sophie Pons has written: 'Apartheid' -- subject- s -: Amnesty, Apartheid, Human rights, Political aspects of Reconciliation, Race relations, Reconciliation, South Africa, South Africa. Truth and Reconciliation Commission
What has the author Franklin Julius Shaw written?
Franklin Julius Shaw has written: 'Reconciliation' 'Reconciliation' -- subject(s): Maturation (Psychology) 'Personal adjustment in the American culture'
What has the author Lawrence Pote written?
Lawrence Pote has written: 'Acceptance' -- subject(s): Acceptance in the Bible, Christianity, Church controversies, Reconciliation, Religious aspects of Reconciliation
What has the author Karin Chubb written?
Karin Chubb has written: 'Between anger and hope' -- subject(s): Amnesty, Investigation, Political aspects of Reconciliation, Political crimes and offenses, Reconciliation, South Africa, South Africa. Truth and Reconciliation Commission
