Tham khảo tài liệu 'all titles accounting & bookkeeping for dummies_12', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 344 Accounting For Dummies 4th Edition__ accounts payable One main type of the short-term operating liabilities of a business in which are recorded the amounts owed to vendors or suppliers for the purchase of products supplies parts and services that are bought on credit. Generally these liabilities are non-interest bearing although an interest charge may be added as a penalty for late payment . accounts receivable The short-term asset in which are recorded the amounts owed to the business from sales of products and services on credit to its customers. Customers are not normally charged interest unless they do not pay their bills when due. The balance of this asset in a balance sheet is net of write-offs for uncollectible amounts bad debts . accrual-basis accounting Recording the financial effects of economic events when they happen as opposed to simple cash accounting. Using accrualbasis accounting revenue is recorded when sales are made rather than when cash is received from customers and expenses are recorded to match with sales revenue or in the period benefited rather than when expenses are paid . The accrual basis of accounting is seen in the recording of assets such as receivables from customers inventory cost of products not yet sold and cost of long-term assets fixed assets and in the recording of liabilities such as accounts payable to vendors and payables for unpaid expenses. accrued expenses payable The generic term for liability accounts used to record the gradual accumulation of unpaid expenses such as vacation pay earned by employees and profit-based bonus plans that aren t paid until the following period. Note The specific title of this liability varies from business to business you may see accrued liabilities accrued expenses or some other similar account title. accumulated depreciation The total cumulative amount of depreciation expense that has been recorded since the fixed assets being depreciated
