Accounts Payable: You have received the supplier invoices and account for in the subsidiary ledger for the amount payable and the invoice number, the supplier name. The balance be confirmed with the supplier and if you cannot pay in due date. the supplier will call for your payment.
Accrued expenses, it is usually done at the month end closing when you have not received supplier invoices, such as utility charges (water and electrictiy) and other expenses you have not received invoices but the expenses belong to the month it should be accounted for. Hence the amount is not taken up in sjuplplier ledger account but accrued expense and susually as other payable in balance sheet.
发表于 2012-6-15 10:49
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