What is the favourable balance for Payable ledger Account?

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What is the general classification of accounts that usually ledger account invol...
Posted by:
Samiullah Jadoon
04-November-2016

Purchase Ledger Ledger Accounts Payable General Ledger Maintenance Balance

Question added by SALIK RAFIQUE , GM FINANCE , SWISS PRO MANUFACTURING CO.
Date Posted: 2013/06/11

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4 Answers

by Mustafa Khan , Accountant , Saudi Aljabr Talke Co. Ltd.

Credit balance because for liability credit balance is favourable

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Bilal Bilal Ashraf

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

perpaid expenses or credit balance is favourable

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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.

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by SALIK RAFIQUE , GM FINANCE , SWISS PRO MANUFACTURING CO.

Credit

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