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What is the favourable balance for Payable ledger Account?

Purchase Ledger Ledger Accounts Payable General Ledger Maintenance Balance
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Question added by SALIK RAFIQUE , Lecturer , PAC Group of Colleges
Date Posted: 2013/06/11
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Mustafa Khan
by Mustafa Khan , Accountant , Saudi Aljabr Talke Co. Ltd.

Credit balance because for liability credit balance is favourable

 

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

perpaid expenses or credit balance is favourable 

Muhammad Zeeshan Hyder
by Muhammad Zeeshan Hyder , Chief Accountant , SAED Group International (Al Dabbagh Group)

Only that balance which is with in the credit due date by the view of ethical business practice.

SALIK RAFIQUE
by SALIK RAFIQUE , Lecturer , PAC Group of Colleges

Credit

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