A few questions question, accounts, following, difference, understand

edgeon

Hi All,

Can you please help me understand the following :

> Differences between accounts payable and accrued expenses
> Explain the difference between Regular Auction Cycle/Multiple Price Method and Regular Auction Cycle/Single Price Method
> We know that accumulated depreciation is a contra a/c. My question is depreciation a/c also a contra a/c? if not, why?

Thanks in advance,

Vipin

Regards,
Vipin