From the following, which are subdivisions of owners equity? a. Trees ______ b. J. Penny, Capital ______
Question:
a. Trees ______
b. J. Penny, Capital ______
c. Accounts Payable ______
d. J. Penny, Withdrawals ______
e. Accounts Receivable ______
f. Advertising Expense ______
g. Taxi Fees Earned ______
h. Computer Equipment ______
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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