If a paycheck was automatically deposited, what was used to make said transaction?

What is the definition of working capital?

True or False? Accounts payables are only limited to businesses.

Which of the following is an example of a creditor?

Accounts payable information is found reviewing the which of the following?

True of False? A trade discount cannot vary between various wholesalers.

What steps are taken before approving an invoice for payment?

What is VAT?

What are the debit memo & the credit memo in Payables?

Under the state law, Acme may pay 3% of eligible gross wages or it may reimburse the state directly for actual unemployment claims. The Company believes that actual unemployment claims will be 2% of the eligible gross wages and has chosen to reimburse the state. Eligible gross wages are defined as the first $10000 of the gross wages paid to each employee. The Company had five employees, each of whom earned $20000 during 2007. In its December 31, 2007 balance sheet, what amount should it report as accrued liability for unemployment claims?