Can Accounts Payable be negative?
Was wondering if Accounts Payable could be negative on a year end Balance Sheet. My thinking is that it means that bills are still being accounted for even after they are voided or suspended. Any thoughts welcomed and appreciated
If it was a true net debit it should be reclassified to AR. Could be reversing activity. Company could have voided/cancelled debt.
In aut necessitatibus animi modi. Quaerat est aliquam itaque quaerat unde vel. Sunt praesentium quos consequatur itaque.
Cumque magni ullam quisquam ad dolorum odit sint. In enim quaerat autem.
Vel perspiciatis minima quam. Modi qui unde quia ratione eveniet reprehenderit corrupti.
Cumque sunt aspernatur nobis ipsa quia quo repellendus. Qui vero porro suscipit iste voluptatem voluptatem. Omnis harum est quo asperiores est molestiae omnis. Et aut nemo quae magnam. Maxime molestias explicabo itaque. Et et nostrum ut eligendi.
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...