Good afternoon everyone, I would ask about calculating net payable, in FR I met where trade receivable is deducted from payable in order to find net payable, why this is occured?? Thanks for your answer.
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Calculating Net payable
6y ago#1Hi,
Where have you seen this in the notes/videos? We do not net off the trade receivable and trade payable balances.
The only time we see payable and receivable balances net off is in relation to sales tax.
Thanks
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