Is Accounts Payable Debit Or Credit Novels & Stories

Ibibigay namin ito kay team leader Wendell. "Accounts receivable ay part ng Asset, ang sales naman ay part ng owners equity." Huminto ako sa pagsasalita at tinuro sa kanila ng mga sinasabi ko. "Irerecord natin na accounts receivable pag si customer or si client ay hindi pa bayad kay business, which is to our company, but we consider it as sales or income," paliwanag ko pa sa kanila. "Paano pag nabayaran na?" tanong ulit ni Kevin.

Under credit, assets decreased while liabilities and owner’s equity increased. Kahit papaano ay umaasa pa rin ako na nasagutan ko nga nang tama ang iba pang mga tanong tungkol sa working capital, balance sheet, accounts payable, accounts receivable, at bookkeeping. I was thankful enough that my amnesia didn’t hinder me to remember those things. Masasabi kong totoo ang stock knowledge.

"Well, the importance of Debit and Credit in accounting is to keep the company's books in balance. So, in business, Debits and Credits are used for every transaction and this is what we call the double-entry accounting. "So I guess, it's my turn now to ask question to you Miss Monteverde." Kalmado ngunit mariin kong wika habang nakatingin kay Sabrina. "For example, your business purchases a new computer for Php 36,000 on credit, how are you going to record the transaction using the T-account?" tanong ko sa kanya.

Bulyaw ko. "Sshh," saway niya. "Baka palabasin tayo." "I'm just going to help you." "Help me? How?" "Don't underestimate me," he said with his usual confident smile. Kinuha niya ang ballpen mula sa kamay ko at pumunit ng papel. Financial accounting ang subject ko. Ano'ng alam niya roon? He looked at what I am reading. "Revenue. Debit. Credit. Account receivable." He read it aloud.