Can Accounts Payable be negative?

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Can Accounts Payable be negative?

Star
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#15

02-20-2009, 03:37 PM

Dear all,

I dont mean to open two accounts of same party on debit and credit side.

Just open one account and define its nature as asset or liabilty.

Check at year end its balance negative or positive and then report accordingly,

Regards,

*

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Can Accounts Payable be negative? - by abbas_chinikham - 02-11-2009, 09:14 PM

[No subject] - by kamranACA - 02-11-2009, 10:07 PM

[No subject] - by abbas_chinikham - 02-12-2009, 03:15 PM

[No subject] - by Hasaan - 02-13-2009, 10:34 PM

[No subject] - by kamranACA - 02-13-2009, 11:15 PM

[No subject] - by Uzair - 02-19-2009, 05:51 AM

[No subject] - by kamranACA - 02-19-2009, 05:57 PM

[No subject] - by Star - 02-19-2009, 06:35 PM

[No subject] - by Uzair - 02-19-2009, 06:43 PM

[No subject] - by kamranACA - 02-19-2009, 10:05 PM

[No subject] - by kamranACA - 02-19-2009, 10:06 PM

[No subject] - by Uzair - 02-20-2009, 12:28 AM

[No subject] - by Uzair - 02-20-2009, 12:39 AM

[No subject] - by kamranACA - 02-20-2009, 05:01 AM

[No subject] - by Star - 02-20-2009, 03:37 PM

[No subject] - by kamranACA - 02-20-2009, 08:39 PM