accounts
This query is : Resolved
mayank kumar
(Querist)
09 June 2010
wt is the account payble and account receivable
CMA RV Padmakumar.A
(Expert)
09 June 2010
Accounts payable aka sundry creditors---> Current Liability
Accounts Receivable aka sundry debtors-->
Current asset
both related to trading
Accounts Receivable aka sundry debtors-->
Current asset
both related to trading
10 June 2010
Account payable means Outstanding liability of Creditors (Current Liability)
Accounting receivebles means Outstanding payment receivable from the debtors( Current Asset) Both are comes under the trading bussines
Accounting receivebles means Outstanding payment receivable from the debtors( Current Asset) Both are comes under the trading bussines
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