accounts payable cycle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2010
what is account payable cycle.what is diff. b/w account payable and account payable cycle.
As per my knowledge a/c payable are just like creditors.It is an account that tells us what the company is owing towards its suppliers
it is current liability
As per my knowledge a/c payable are just like creditors.It is an account that tells us what the company is owing towards its suppliers
it is current liability
04 August 2010
Accounts payable cycle may be the cycle by which the creditors are settled i. e. credit period and accounts payable as creditors outstanding as on that date and is a current liability.
05 August 2010
Account Payable is a major part of Accounting cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
Account Payable is a major part of Accounting cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
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05 August 2010
Agreed...
Accounts payable is your creditors & expenses already incurred but yet to be paid.
While Accounts payable cycle defines the average period in terms of days in which any credit expenses gets paid.
Accounts payable is your creditors & expenses already incurred but yet to be paid.
While Accounts payable cycle defines the average period in terms of days in which any credit expenses gets paid.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2010
thanks
05 August 2010
U can also thanks by clicking on the thank user icon below the name.
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