Accounting for Loan Payable
Accounting for loan payables, such as bank loans, involves taking account of …
Payables
Discount Received
Discounts may be offered by suppliers on sales of goods to attract …
Purchases Returns
Purchases returns, or returns outwards, are a normal part of business. Goods …
Sales Tax on Payables
The payable includes the amount of sales tax since it will be …
Accounts Payable
What is accounts payable? Accounts payable is the balance owed by the …