difference between Trade Payable and Other Payable with relevant examples

Q: Describe several tariff and nontariff barriers to trade

A: What are tariff barriers  These are government induced barriers on international trade. These…

Q: What document is the difference between a primary and a secondary market?

A: Primary Market: The primary market is where new securities are formed, while the secondary market is…

Q: The two major translation methods currently used are:      a. Historical exchange rate and…

A: correct option is D i.e. current rate and temporal

Q: Required: State what are the presumed advantages of using forward exchange contracts.  Calculate…

A: Data given::> Invoice amount = $130,000 Payment details: On shipment = $40,000 One month after…

Q: (c) Show clearly how the trade payables should be recognised initially and how the subsequent…

A: Entity 2 purchased a specialist machine from a US Supplier on 1st Jan 2021. The price of the machine…

Q: Title Explain how a borrowing cost could arise as part of the measurement of a provision. Illustrate…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Define the term Equal-Payment Series?

A: The goal of this method of investment is to determine the present value of an equivalent payment…

Q: How much should be presented as "Trade and other receivable" under current assets?

A: Particulars Amount (P) Trade Receivables 725000 Trade Notes Receivables 100000 Less: Sales…

Q: Settlement period for trade payables Inventories turnover period

A: Settlement period of payables means the period within which the payables has been paid off by the…

Q: Explain how to defer gains using the like-kind exchange rules.

A: A like kind exchange is defined as the tax deferred transaction, which used to allow regarding the…

Q: Discuss the term ‘co-payment

A: Co-payment is a very important term in the field of health insurance.

Q: Briefly describe how IFRS guidelines for recognizing revenue from multiple-deliverable arrangements…

A: Definition: Revenue recognition principle: Revenue recognition principle emphasizes, that the…

Q: state the importance of Balance of International Payment

A: The Balance of International Payment (or simply the Balance of Payment or BoP) is that statement…

Q: Define Trade discounts.

A: Business:   It refers to a commercial activity involving buying and selling of a product or a…

Q: Explain how documents or drafts method is the most less risky method of making trade payments

A: Draft method of trade payments is a type of exchange money in which an exporter is paid for its…

Q: What is meant by a primary market transaction and a secondary market transaction? Give an example

A: Primary market are market where equity or bonds are issued to investors for the first time.So you…

Q: ortion

A: Corporation earning can we sub divided into parts  Use to distribute the dividend  Retain the…

Q: Define each of the following terms:k. Accruals; trade credit

A: There are two types of systems in accounting, one is a cash system of accounting and the other is…

Q: Exchange differences in translating financial statements are recognized in profit or loss, while…

A: Exchange Differences - It is the difference translating of one currency unit to another currency at…

Q: esent discounted value of the sum of trade deficits and surpl

A: Trade surplus refers to the economic measurement of positive balances of trade where the country…

Q: Explain the differences between domestic debt and external debt.

A: Debt is defined as money borrowed through one party by another. Many businesses and people utilize…

Q: Differentiate between spot and forward exchange rates

A: Introduction: The spot rate is the rate at which the actual deal or sale is to take place…

Q: Distinguish between the Customs Act, Customs Tariff Act, an EIPA Further, what is the purpose of…

A: Customs Act: Customs Act deals with the administration part of the customs transactions and general…

Q: Problem : How are revenues related to current assets? In regards to exchange rates, what's the…

A:

Q: differentiate between the Customs Act, Customs Tariff Act, and EIPA

A: Customs Act: Customs Act deals with the administration part of the customs transactions and general…

Q: what is the difference between co-pay and coinsurance

A: Coinsurance and copays are different variants of cost sharing arrangement between health insurance…

Q: Define trade credit

A: Trade refers to the buying and selling of the goods and services. Trade can be between business to…

Q: EXPLAIN THE MODE OF PAYMENT IN FOREIGN CONTRACTS.

A: A foreign exchange contract is a legal arrangement in which the parties agree to exchange a defined…

Q: What are the differences in accounting for a forward contract used as (a) a cash flow hedge and (b)…

A: a.

Q: . Which of the following may not be equal to the contract rate of interest? a. stated rate b.…

A: Contract rate of interest is the defined rate of interest on bonds, notes or loan.

Q: illustrate the different exchange rates regimes.

A:

Q: Suppose that all possible types of perpetuities (differentiated in payment starting periods and…

A: A perpetual annuity is a policy that you pay indefinitely. In finance, eternity is a constant flow…

Q: What is the difference between an exchange and a nonexchange transaction?

A: A transaction is considered to be an exchange when both parties provide and receive consideration of…

Q: Explain the meaning of a "trade balance"

A: Answer: Trade Balance is basically the difference between the country's imports and exports. It is…

Q: Define Historical exchange rates

A: exchange rates: value of one currency for the purpose of conversion into another currency.