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3 years ago

The debt created by a business when it borrows from a vendor or supplier is called a(n):

Business

2 answers:

Tatiana [17]3 years ago

3 0

Answer: Account payable

Explanation:

The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.

According to the given question, the debt basically created by the business during the process of borrows from the supplier or the vendors is known as the account payable.

garri49 [273]3 years ago

3 0

Answer:

account payable

Explanation:

Accounts payable (AP) refers to the money owed towards its vendors by a corporation being shown on the firm's financial statements as a liability. It is distinguished from notes pending, which are liabilities generated by specific legal instruments.

The account payable will be registered at the moment the bill is vouched for compensation in the Account Payable post-ledger. Vouchered, or expressed support, implies that a bill is accepted for compensation and is reported as an outstanding, or available, liability in General Ledger or AP sub-ledger as it was not compensated.

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sasho [114]

Answer:

Bank Certificate of Deposit (CD)

Explanation:

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3 years ago

The Hallmark Card Company is able to maintain good dealer relationships because it limits the number of stores in a geographic a

Marta_Voda [28]

The given question is about Business studies.

Hallmark uses <u>Selective </u>distribution.

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Better market coverage than distribution.

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2 years ago

In the month of June, a department had 19900 units in beginning work in process that were 75% complete. During June, 90200 units

balandron [24]

Answer:

103,500 units

Explanation:

Equivalent units calculation - conversion costs

Completed and transferred units (99,100 x 100 %) = 99,100 units

Ending Work in Process units (11000 x 40%) = 4,400 units

Total Equivalent units = 103,500 units

therefore,

The equivalent units of production for conversion costs for June were 103,500 units

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3 years ago

Prime Corporation liquidates its 85% owned subsidiary Bass Corporation under the provisions of Secs. 332 and 337. Bass Corporat

aliya0001 [1]

Answer:

$20000 gain for John Corporation and $10000 loss for Bass Corporation.

Explanation:

John Corporation gain(loss) = FMV of property - Liability assumed - Stock basis

= 55000-10000-25000

= 20000

Bass Corporation gain/loss = 55000-65000

= - 10000

Therefore, $20000 gain for John Corporation and $10000 loss for Bass Corporation.

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3 years ago

Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they

Elodia [21]

The statement is false. It would be an advantage to both the client and the organization. This would mean if the client needs a markdown from the provider they would need to pay the receipt inside 10 days to get the rebate, and this would then enable the organization to get their cash speedier.

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4 years ago