AP goes up by 10
Was asked this question in 3 of my most recent interviews. What happens when accounts payable does up by 10? I'm not really sure about the correct answer for this one. Thank you so much!
Cash goes up by 10 thus balancing the BS
you're oversimplifying
Concur.
Clearly depends on what your AP is for (raw mat, service...)
Means another point for my Fantasy Football team.
Probably associated with a expense of some kind (eg supplies exp) OR acquisition of inventory (capitalized in current assets)
If the expense, equity goes down (retained earnings); if the acquisition of inventory, inventory goes up -- either way balance sheet balances
Officia labore vero in et earum. Sint molestiae quibusdam dolorem quia distinctio sit voluptatum. Voluptas maiores mollitia autem harum soluta in voluptates. Dolores non quia et ut vel. Voluptas perferendis quisquam eius beatae repellendus. Amet rerum nulla laborum et.
Voluptas cum praesentium architecto molestiae id qui. Ea facere inventore aut quaerat et.
Provident sunt velit consequatur magnam illo ab. Consectetur impedit facilis dicta. Fugiat iusto vel dolores minus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...