On the other hand, notes payable refers to a written promise to repay a lender a specific amount by a certain date. It often involves larger sums, interest rates, and structured payment terms, making it a more formal and long-term liability. Accounts payable represents the money a company owes to suppliers for goods or services […]
Monthly Archives: December 2020
In addition to detailing cash and bank transactions, a triple-column or three-column cash book shows additional information about sale and purchase discounts. It is mostly used by firms that avail of massive cash discounts. They provide a clear picture of income and expenses, helping you understand your spending habits and make informed financial decisions. Whether […]
In addition to detailing cash and bank transactions, a triple-column or three-column cash book shows additional information about sale and purchase discounts. It is mostly used by firms that avail of massive cash discounts. They provide a clear picture of income and expenses, helping you understand your spending habits and make informed financial decisions. Whether […]