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SP for year end trade payable

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

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May 27, 2018 at 9:33 am #454197
abgbongsu
Member
- Topics: 3
- Replies: 0
Is it correct for these to be SP trade payables for year end balances?
1. Agree the year end balances of payables with general ledgers,tial balances and FS
2. Agree payments to supplier with cashbook year end balance
May 27, 2018 at 10:16 am #454226
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10595
1 Is ok.
2 Does not make sense. Cash book yyear end balance is the result of lots or receipts and payments. Ok to say trace payments to suppliers in cash book to payables accounts and also trace payments to suppliers from payables acccount to cash book
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