Payable

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.

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February 20, 2019 at 1:50 pm #505892
vavneetb
Participant
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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
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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.
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