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!!
Ahrar Sabbu (Accounts Executive) (228 Points)
19 April 2014Hello,
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!!
V P Narasimhan
(Accounts Manager)
(791 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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