Hello,
Greetings for the day...!
Can i have the actual definition of Accounts Payable, Accounts Receivable & General Accounting from theoritical point of view?? What are its Elements? Also let me know the Job profile of these thee. Thanking all!!
1 Replies
V P Narasimhan
(Accounts Manager)
(793 Points)
Replied 25 June 2014
Dear
Accounts Payable (AP/AP Trade Payable ) - Creditors' A/c - Bills Payable (dues to be paid)
Accounts Receivable (AR/AR Trade Receivable) - Debtors' A/c - Bills Receivable (Dues from Customer tobe received against our Invoice)
General Ledger - List of Accounts & Accounts Head (Direct & Indirect Expenses & so on
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