Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Peachtree Terms (Accounts Types)

Peachtree Terms (Accounts Types)

Ratings: (0)|Views: 1,326|Likes:
Published by fawadlaw

More info:

Published by: fawadlaw on Mar 19, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

11/18/2012

pdf

text

original

 
IN THE NAME OF ALLAH, THE MOSTMERCIFUL, THE BENEFICIENT, THEMOST COMPASSIONATE ONE.
MAY ALLAH HELP TO ACQUIREUNFATHOMABLE KNOWLEDGE
 
Accounts Payable
This represents balances owed to vendors for goods,supplies, and services purchased on an open account.Accounts payable balances are used in accrual-basedaccounting, are generally due in 30 or 60 days, and do notbear interest.Select this account type if you are setting up open vendor accounts or credit card (purchase) accounts.
 
Accounts Receivable
This represents amounts owed by customers for items or services sold to them when cash is not received at the time of sale. Typically, accounts receivable balances are recorded onsales invoices that include terms of payment. Accountsreceivable are used in accrual-based accounting.Select this account type if you are setting up accrued incomethat customers owe.

Activity (3)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Dustin Gray liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->