20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2026 exams.
Get your discount code >>

Payable

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 20, 2019 at 1:50 pm #505892
vavneetb
Participant
- Topics: 175
- Replies: 123
What is the difference between circularise/supplier statement and circularise trade payable.
Again, this is so confusing, in payables circulaise trade payebles is under right and obligations and in receivables circularisation comes under existence.
I am not getting this.
February 20, 2019 at 2:17 pm #505895
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10624
There is no difference bertween circularise trade payables and suppliers.
Payables circ helps with establishing the existence, obligation and accuracy of the amount.
Receivables circularisation helps establish existencs, ownership and accuracy.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.