Menu
Pls help
how can a decrease in trade payable result in decrease in assets??
Cpt fundamental of accounting textbook pg no 1.44 que no 2.(iv)
Replies (2)
Its simple. Trade Payable reduces when payment is made. When payment is made the bank balance or cash balance reduces. So decrease in Trade Payable results in decrease of assets.
Thank you sir..
I wasn't getting it from a long Time..
Recent Threads
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
Related Threads
CAclubindia
