is vat payable on extensions to listed buildings with panning permission granted?
Q. I have planning permission to erect a conservatory on my g11 listed building. is vat payable or exempt?
Asked by J F - Tue Aug 14 04:51:52 2007 - - 0 Answers - 0 Comments
A. Extensions to listed buildings can be zero rated. Go to the link below and download the pdf file. Section 9 appears to cover your situation. Make sure that all the conditions are satisfied to obtain the zero rating. In particular do you have listed buildings consent if necessary. I am rather vague on when this would be necessary so you may have to obtain advice elsewhere.
Answered by tringyokel - Tue Aug 14 10:13:14 2007
Q. I have planning permission to erect a conservatory on my g11 listed building. is vat payable or exempt?
Asked by J F - Tue Aug 14 04:51:52 2007 - - 0 Answers - 0 Comments
A. Extensions to listed buildings can be zero rated. Go to the link below and download the pdf file. Section 9 appears to cover your situation. Make sure that all the conditions are satisfied to obtain the zero rating. In particular do you have listed buildings consent if necessary. I am rather vague on when this would be necessary so you may have to obtain advice elsewhere.
Answered by tringyokel - Tue Aug 14 10:13:14 2007
How to calculate payable tax on a foreign government pension plan?
Q. I lived and worked in Canada before coming down here and my Canada Pension Plan (CPP) is due to effect. Studying the given relevant IRS instructions, the CPP is neither a "Qualified Plan", nor a "U.S. Annuity Plan". How do I calculate the amount of tax payable? Before seeking help from a professional tax planner or going for the IRS helpdesk offer on this issue, could some experts shine some light for me?
Asked by Tawny Angel - Tue Nov 4 10:50:25 2008 - - 1 Answers - 0 Comments
A. Coming down where? This is the UK tax section and I suspect most of us don't have the faintest idea!
Answered by David H - Wed Nov 5 03:54:23 2008
Q. I lived and worked in Canada before coming down here and my Canada Pension Plan (CPP) is due to effect. Studying the given relevant IRS instructions, the CPP is neither a "Qualified Plan", nor a "U.S. Annuity Plan". How do I calculate the amount of tax payable? Before seeking help from a professional tax planner or going for the IRS helpdesk offer on this issue, could some experts shine some light for me?
Asked by Tawny Angel - Tue Nov 4 10:50:25 2008 - - 1 Answers - 0 Comments
A. Coming down where? This is the UK tax section and I suspect most of us don't have the faintest idea!
Answered by David H - Wed Nov 5 03:54:23 2008
Does a decrease in notes payable mean more or less debt on the balance sheet?
Q. I know that a decrease in accounts payable mean less debt. What about a decrease in notes payable? By selling the note, the company has less notes payable but doesn't it owe more money to the buyer of the note? So if a company's notes payable decreases on its balance sheet, does that mean more or less debt for the company?
Asked by donl1282 - Wed Oct 28 21:27:02 2009 - - 2 Answers - 0 Comments
A. Notes Payable is a liability, usually a short term liability but can be long term. A company cannot sell Notes Payable because it is not an asset, you are mistaken about that. Paying off the note will reduce notes payable and lower the amount of debt. I like the way you asked this question. It is obvious that you've thought about it, you just aren't trying to get out of doing your homework. Good luck.
Answered by Jim L - Wed Oct 28 21:34:05 2009
Q. I know that a decrease in accounts payable mean less debt. What about a decrease in notes payable? By selling the note, the company has less notes payable but doesn't it owe more money to the buyer of the note? So if a company's notes payable decreases on its balance sheet, does that mean more or less debt for the company?
Asked by donl1282 - Wed Oct 28 21:27:02 2009 - - 2 Answers - 0 Comments
A. Notes Payable is a liability, usually a short term liability but can be long term. A company cannot sell Notes Payable because it is not an asset, you are mistaken about that. Paying off the note will reduce notes payable and lower the amount of debt. I like the way you asked this question. It is obvious that you've thought about it, you just aren't trying to get out of doing your homework. Good luck.
Answered by Jim L - Wed Oct 28 21:34:05 2009
What should i expect at an accountemps interview for a accounts payable position?
Q. I just called accountemps about a accounts payable position's available in my town. I have no experience in that field but am very computer savvy with excel and other apps and also have been reading up on the job itself. How should i woo the interviewer into getting this job and what should I expect at accountemps.
Asked by javi02223 - Tue Jul 29 15:31:02 2008 - - 2 Answers - 1 Comments
A. Accountemps is not a recruiting firm, they actually get you lots of jobs. I started with them in April and am currently working at a Accounts Payable position with the for the summer. Be prepared for tests, if you do well on them I think that will be the main thing. Excel is important, I did really well on that one and ok on the others so they were able to get me jobs when I need them. Be yourself, don't be nervous, they like to see your personality to see how to place you. Dress professionally and just tell them you want to gain experience. Remember, they get paid for every job you go on so they really do want to have you working for them. If you don't get this job, they'll have another one for you soon. Good luck
Answered by Mystical - Fri Aug 1 22:15:09 2008
Q. I just called accountemps about a accounts payable position's available in my town. I have no experience in that field but am very computer savvy with excel and other apps and also have been reading up on the job itself. How should i woo the interviewer into getting this job and what should I expect at accountemps.
Asked by javi02223 - Tue Jul 29 15:31:02 2008 - - 2 Answers - 1 Comments
A. Accountemps is not a recruiting firm, they actually get you lots of jobs. I started with them in April and am currently working at a Accounts Payable position with the for the summer. Be prepared for tests, if you do well on them I think that will be the main thing. Excel is important, I did really well on that one and ok on the others so they were able to get me jobs when I need them. Be yourself, don't be nervous, they like to see your personality to see how to place you. Dress professionally and just tell them you want to gain experience. Remember, they get paid for every job you go on so they really do want to have you working for them. If you don't get this job, they'll have another one for you soon. Good luck
Answered by Mystical - Fri Aug 1 22:15:09 2008
How do I cash a cheque that is made payable to cash ?
Q. I have received a cheque from the Ulster Bank that has been made payable to "Cash" Unfortunately I am in mainland UK. How can i cash this cheque ? Can I pay it into my account or can i get it cashed at a particular bank. Any help would be appreciated. The cheque is only for 150- !!! The cheque is from a friend and drawn on an Ulster Bank account.
Asked by Darren - Thu Feb 14 12:40:32 2008 - - 8 Answers - 0 Comments
A. Take it to a bank.
Answered by Derke N - Thu Feb 14 12:43:31 2008
Q. I have received a cheque from the Ulster Bank that has been made payable to "Cash" Unfortunately I am in mainland UK. How can i cash this cheque ? Can I pay it into my account or can i get it cashed at a particular bank. Any help would be appreciated. The cheque is only for 150- !!! The cheque is from a friend and drawn on an Ulster Bank account.
Asked by Darren - Thu Feb 14 12:40:32 2008 - - 8 Answers - 0 Comments
A. Take it to a bank.
Answered by Derke N - Thu Feb 14 12:43:31 2008
How to put Notes Payable in a general accounting journal?
Q. I have a homework assignment and can't find how to put Notes Payable in the general journal. The problem is you purchased equipment for $4000, paid $1500 down, received note payable for the balance. Is there a credit in notes payable and a debit in cash? Do I need to note the $4000 as a credit for equipment and debit somewhere else also?
Asked by jbvo - Sun Mar 25 18:42:35 2007 - - 2 Answers - 0 Comments
A. The journal entry to record the purchase of the equipment is as follows: Dr. Equipment $4,000 Cr. Cash $1,500 Cr. Note Payable $2,500 You would debit the equipment since you now own the equipment. You credit the cash (an asset) since you paid it out. You are also crediting note payable (a liability account), since you now owe the other person an additional $2,500. Hope this helps.
Answered by zinf32000 - Sun Mar 25 21:48:10 2007
Q. I have a homework assignment and can't find how to put Notes Payable in the general journal. The problem is you purchased equipment for $4000, paid $1500 down, received note payable for the balance. Is there a credit in notes payable and a debit in cash? Do I need to note the $4000 as a credit for equipment and debit somewhere else also?
Asked by jbvo - Sun Mar 25 18:42:35 2007 - - 2 Answers - 0 Comments
A. The journal entry to record the purchase of the equipment is as follows: Dr. Equipment $4,000 Cr. Cash $1,500 Cr. Note Payable $2,500 You would debit the equipment since you now own the equipment. You credit the cash (an asset) since you paid it out. You are also crediting note payable (a liability account), since you now owe the other person an additional $2,500. Hope this helps.
Answered by zinf32000 - Sun Mar 25 21:48:10 2007
Can credit card convenience checks be used for anything? Like can I make one payable to a family member?
Q. Just wondering if convenience checks can be made payable to anyone? A family member asked me for a loan but I don't have any cash on hand but I do have some convenience checks from one of my credit cards. Does anyone know if they can be made payable to anyone? It's a new card so I don't even have the PIN number yet to get any cash out at an ATM. That's why I want to make him a check.
Asked by newmommie - Tue Jul 31 23:35:54 2007 - - 4 Answers - 0 Comments
A. Yes you can but make sure you check out the credit card company because you will probably have a way higher interest rate then just using the credit card itself...
Answered by sunbeam_81 - Tue Jul 31 23:39:40 2007
Q. Just wondering if convenience checks can be made payable to anyone? A family member asked me for a loan but I don't have any cash on hand but I do have some convenience checks from one of my credit cards. Does anyone know if they can be made payable to anyone? It's a new card so I don't even have the PIN number yet to get any cash out at an ATM. That's why I want to make him a check.
Asked by newmommie - Tue Jul 31 23:35:54 2007 - - 4 Answers - 0 Comments
A. Yes you can but make sure you check out the credit card company because you will probably have a way higher interest rate then just using the credit card itself...
Answered by sunbeam_81 - Tue Jul 31 23:39:40 2007
What is the difference between accounts payable and expenses payable?
Q. What is the difference between accounts payable and expenses payable?
Asked by angelleyez92 - Thu Sep 14 23:18:55 2006 - - 3 Answers - 0 Comments
A. In reality, not much. The two terms can be used interchangeably in everyday business finance. However, some firms may use Accounts Payable to designate those expenses that are due to specific accounts held with other firms; that is, the two firms agreed to payment terms other than immediately due and payable. Expenses payable can be construed as one-time payments due to vendors with which no specific account relationship was established. However, for practical purposes, they are one in the same.
Answered by jakewk - Fri Sep 15 01:01:00 2006
Q. What is the difference between accounts payable and expenses payable?
Asked by angelleyez92 - Thu Sep 14 23:18:55 2006 - - 3 Answers - 0 Comments
A. In reality, not much. The two terms can be used interchangeably in everyday business finance. However, some firms may use Accounts Payable to designate those expenses that are due to specific accounts held with other firms; that is, the two firms agreed to payment terms other than immediately due and payable. Expenses payable can be construed as one-time payments due to vendors with which no specific account relationship was established. However, for practical purposes, they are one in the same.
Answered by jakewk - Fri Sep 15 01:01:00 2006
what is the difference between account payable and note payable?
Q. also tell me the difference between account receivable and note receivable? how will we know while making general journal in accounting that where to write account payable or note payable?
Asked by curious gal - Sun Mar 15 05:19:02 2009 - - 1 Answers - 0 Comments
A. Accounts payable is a file or account that contains money that a person or company owes to suppliers, but has not paid yet (a form of debt). When you receive an invoice you add it to the file, and then you remove it when you pay. Thus, the A/P is a form of credit that suppliers offer to their purchasers by allowing them to pay for a product or service after it has already been received. A promissory note, also referred to as a note payable in accounting, is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a… [cont.]
Answered by Daniel v 8.33 - Wed Mar 18 08:22:49 2009
Q. also tell me the difference between account receivable and note receivable? how will we know while making general journal in accounting that where to write account payable or note payable?
Asked by curious gal - Sun Mar 15 05:19:02 2009 - - 1 Answers - 0 Comments
A. Accounts payable is a file or account that contains money that a person or company owes to suppliers, but has not paid yet (a form of debt). When you receive an invoice you add it to the file, and then you remove it when you pay. Thus, the A/P is a form of credit that suppliers offer to their purchasers by allowing them to pay for a product or service after it has already been received. A promissory note, also referred to as a note payable in accounting, is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a… [cont.]
Answered by Daniel v 8.33 - Wed Mar 18 08:22:49 2009
what's the difference between utilities payable and utilities expense?
Q. heres the situation: the owner paid the electricity bill of the firm from his personal money. how come you have have do debit utilities payable and not credit utilities expense?thanks!
Asked by Mark G - Sun Jul 1 07:24:58 2007 - - 1 Answers - 0 Comments
A. A + L + OE In order to account for the new liability ( a liability to the owner, since he paid the bill with his funds and is now owed the funds by the company) you have to debit the Utl payable account.
Answered by Billie - Sun Jul 1 08:06:33 2007
Q. heres the situation: the owner paid the electricity bill of the firm from his personal money. how come you have have do debit utilities payable and not credit utilities expense?thanks!
Asked by Mark G - Sun Jul 1 07:24:58 2007 - - 1 Answers - 0 Comments
A. A + L + OE In order to account for the new liability ( a liability to the owner, since he paid the bill with his funds and is now owed the funds by the company) you have to debit the Utl payable account.
Answered by Billie - Sun Jul 1 08:06:33 2007
What happens to a firm s net worth as it uses cash to repay accounts payable?
Q. What happens to a firm s net worth as it uses cash to repay accounts payable?
Asked by mahh - Thu Feb 19 18:12:48 2009 - - 2 Answers - 0 Comments
A. Net worth stays the same.
Answered by vanja83 - Thu Feb 19 18:30:12 2009
Q. What happens to a firm s net worth as it uses cash to repay accounts payable?
Asked by mahh - Thu Feb 19 18:12:48 2009 - - 2 Answers - 0 Comments
A. Net worth stays the same.
Answered by vanja83 - Thu Feb 19 18:30:12 2009
Describe the audit circumstances in which the auditors are likely to decide to confirm accounts payable?
Q. Principles of Auditing This is an internal control and Auditing class taken in the United States Auditing Financial Statements United States The confirmation of accounts payable is not a generally accepted auditing procedure. Describe the audit circumstances in which the auditors are likely to decide to confirm accounts payable Weak Internal Control Over Accounts Payable Lack of Vendor's Statements What else? Is this answer correct?
Asked by Angel - Sun Apr 13 04:06:30 2008 - - 2 Answers - 0 Comments
A. Auditor's will do confirmation of payables if the ledger shows long over-due accounts (which would mean payments are not either paid to the right person/company or payment was not really made) of which there are no subsequent payments made. Also, when even if the company has long outstanding payables, the supplier continuously deliver goods/services. This is surely impossible because if you are not a good payor nobody will grant another credit.
Answered by too_good_to_be_true - Sun Apr 13 05:07:54 2008
Q. Principles of Auditing This is an internal control and Auditing class taken in the United States Auditing Financial Statements United States The confirmation of accounts payable is not a generally accepted auditing procedure. Describe the audit circumstances in which the auditors are likely to decide to confirm accounts payable Weak Internal Control Over Accounts Payable Lack of Vendor's Statements What else? Is this answer correct?
Asked by Angel - Sun Apr 13 04:06:30 2008 - - 2 Answers - 0 Comments
A. Auditor's will do confirmation of payables if the ledger shows long over-due accounts (which would mean payments are not either paid to the right person/company or payment was not really made) of which there are no subsequent payments made. Also, when even if the company has long outstanding payables, the supplier continuously deliver goods/services. This is surely impossible because if you are not a good payor nobody will grant another credit.
Answered by too_good_to_be_true - Sun Apr 13 05:07:54 2008
What is the debit interest expense and credit interest payable on an 8% note?
Q. What is the debit interest expense and credit interest payable on June 30, 2007 for an 8% note dated May 1, 2007, and due on July 31, 2007. The note payable is $13,700.
Asked by messiah - Thu May 28 16:02:45 2009 - - 1 Answers - 0 Comments
A. If you've already booked the interest for May, the interest for June would be $91.33 = 13,700*.08/12. Debit Interest expense 91.33 Credit Interest payable 91.33 If you have not yet booked the interest for May, the interest amount at the end of June would be $182.66 = (13700*.08/12)*2, 2 months' worth of interest.
Answered by cjones1303 - Thu May 28 16:20:32 2009
Q. What is the debit interest expense and credit interest payable on June 30, 2007 for an 8% note dated May 1, 2007, and due on July 31, 2007. The note payable is $13,700.
Asked by messiah - Thu May 28 16:02:45 2009 - - 1 Answers - 0 Comments
A. If you've already booked the interest for May, the interest for June would be $91.33 = 13,700*.08/12. Debit Interest expense 91.33 Credit Interest payable 91.33 If you have not yet booked the interest for May, the interest amount at the end of June would be $182.66 = (13700*.08/12)*2, 2 months' worth of interest.
Answered by cjones1303 - Thu May 28 16:20:32 2009
what do you do when gst recoverable is larger than gst payable?
Q. when ur creating a balance sheet, my gst recoverable is larger than my gst payable. How do i display that on the current liabilities section of the balance sheet?
Asked by sweet714 - Sat Nov 15 23:43:00 2008 - - 3 Answers - 0 Comments
A. If the GST recoverable amount is small, bury that with other liabilities and labelled them as "other liabilities" on the balance sheet. If the amount is significant, present the gst recoverable amount separately on the asset side of the balance sheet.
Answered by T E - Mon Nov 17 09:35:45 2008
Q. when ur creating a balance sheet, my gst recoverable is larger than my gst payable. How do i display that on the current liabilities section of the balance sheet?
Asked by sweet714 - Sat Nov 15 23:43:00 2008 - - 3 Answers - 0 Comments
A. If the GST recoverable amount is small, bury that with other liabilities and labelled them as "other liabilities" on the balance sheet. If the amount is significant, present the gst recoverable amount separately on the asset side of the balance sheet.
Answered by T E - Mon Nov 17 09:35:45 2008
Is it ok to receive a tax return check payable to me and my husband?
Q. I received my tax return check payable to me and my husband but I had selected to file married filing separate. Why did I receive a check payable to both? Is my husband going to have issues when he files his return?
Asked by newbee82 - Thu Mar 11 20:33:41 2010 - - 3 Answers - 0 Comments
Q. I received my tax return check payable to me and my husband but I had selected to file married filing separate. Why did I receive a check payable to both? Is my husband going to have issues when he files his return?
Asked by newbee82 - Thu Mar 11 20:33:41 2010 - - 3 Answers - 0 Comments
What would the journal entry to record the conversion of a $600 account payable to a notes payable be?
Q. a. Cash and then notes payable 600 b. Notes receivable and then notes payable 600 c. Notes payable and then cash 600 d. accounts payable and then notes payable 600
Asked by juliebug - Sun Nov 22 21:08:08 2009 - - 1 Answers - 0 Comments
A. Dr Accounts payable $600 Cr Notes payable $600 d. accounts payable and then notes payable 600
Answered by Sandy - Tue Nov 24 07:53:23 2009
Q. a. Cash and then notes payable 600 b. Notes receivable and then notes payable 600 c. Notes payable and then cash 600 d. accounts payable and then notes payable 600
Asked by juliebug - Sun Nov 22 21:08:08 2009 - - 1 Answers - 0 Comments
A. Dr Accounts payable $600 Cr Notes payable $600 d. accounts payable and then notes payable 600
Answered by Sandy - Tue Nov 24 07:53:23 2009
How do you download payable Apps on the Iphone/Itouch for free after jail breaking it.?
Q. As the title says, is it possible to download payable apps for free with an App from cydia or whatever else?
Asked by want to know - Wed May 6 23:45:09 2009 - - 2 Answers - 0 Comments
A. money grows on a tree for Matt K. heres how to do it. how to get paid apps for free -open cydia -go to manage -pick sources -edit then add - add this source -once that is finished search and install "MobileInstallation Patch", "Erica Utilities" and "UUID Generator". -reboot the ipod -open cydia once more -manage, edit,add -add this source -now search and install "Installous" -reboot ipod again to be on the safe side now to get the apps. -open installous -search for any app u want -pick the app -scroll all the way to the bottom of the screen -pick the version u want -pick any link u want to download the app from and download it. it really str8 forward. -once the app is finished download -click on a button on the bottom that says "dow [cont.]
Answered by Michael - Thu May 7 01:02:57 2009
Q. As the title says, is it possible to download payable apps for free with an App from cydia or whatever else?
Asked by want to know - Wed May 6 23:45:09 2009 - - 2 Answers - 0 Comments
A. money grows on a tree for Matt K. heres how to do it. how to get paid apps for free -open cydia -go to manage -pick sources -edit then add - add this source -once that is finished search and install "MobileInstallation Patch", "Erica Utilities" and "UUID Generator". -reboot the ipod -open cydia once more -manage, edit,add -add this source -now search and install "Installous" -reboot ipod again to be on the safe side now to get the apps. -open installous -search for any app u want -pick the app -scroll all the way to the bottom of the screen -pick the version u want -pick any link u want to download the app from and download it. it really str8 forward. -once the app is finished download -click on a button on the bottom that says "dow [cont.]
Answered by Michael - Thu May 7 01:02:57 2009
How to Balance Accounts Payable at Year end?
Q. I have been asked to balance our accounts payable GL account at year end, and I'm not sure where to start? Anybody? Thanks!
Asked by Michael M - Sun Feb 15 11:25:51 2009 - - 2 Answers - 0 Comments
A. add all current vendor balances in the accounts payable subsidiary ledger and the total should match the account balance for accounts payable in the general ledger. If it does, then it is balanced. if doesn't, then you need to dig for errors either in the journals, the subsidiary ledger, or the general ledger.
Answered by Nick - Sun Feb 15 22:44:48 2009
Q. I have been asked to balance our accounts payable GL account at year end, and I'm not sure where to start? Anybody? Thanks!
Asked by Michael M - Sun Feb 15 11:25:51 2009 - - 2 Answers - 0 Comments
A. add all current vendor balances in the accounts payable subsidiary ledger and the total should match the account balance for accounts payable in the general ledger. If it does, then it is balanced. if doesn't, then you need to dig for errors either in the journals, the subsidiary ledger, or the general ledger.
Answered by Nick - Sun Feb 15 22:44:48 2009
How do year-end accounts payable affect taxes?
Q. I am told that the lower our outstanding accounts payable are on 12/31/09, the lower will be our businesses' taxes. Please explain why this is so.
Asked by drako - Tue Dec 29 11:55:00 2009 - - 2 Answers - 0 Comments
A. If you are on cash basis, any cash out reduces your profit.
Answered by qtatax.com - Tue Dec 29 12:03:25 2009
Q. I am told that the lower our outstanding accounts payable are on 12/31/09, the lower will be our businesses' taxes. Please explain why this is so.
Asked by drako - Tue Dec 29 11:55:00 2009 - - 2 Answers - 0 Comments
A. If you are on cash basis, any cash out reduces your profit.
Answered by qtatax.com - Tue Dec 29 12:03:25 2009
Whats the 30-day new account policy for depositing a check made payable to cash?
Q. I just opened a new Bank of America checking account but I know they have special rules for new accounts. How long would it take for my check to clear being its not made payable to me. It is not a huge amount (less than $1500)
Asked by hardworker1 - Sat Jul 4 10:40:41 2009 - - 2 Answers - 0 Comments
A. 7 to 10 days.
Answered by Age of Reason - Sat Jul 4 12:51:20 2009
Q. I just opened a new Bank of America checking account but I know they have special rules for new accounts. How long would it take for my check to clear being its not made payable to me. It is not a huge amount (less than $1500)
Asked by hardworker1 - Sat Jul 4 10:40:41 2009 - - 2 Answers - 0 Comments
A. 7 to 10 days.
Answered by Age of Reason - Sat Jul 4 12:51:20 2009
From Yahoo Answer Search: 'payable'
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The Associated Press
... its board declared a regular quarterly dividend of 13 cents. The software maker said the dividend is payable June 10 to shareholders of record May 20.
Microsoft Declares Quarterly Dividend CNNMoney.com (press release)
Microsoft reports quarterly dividend of USD0.13 per share Trading Markets (press release)
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Fri, 11 Dec 2009 17:14:48 GM
Receive your complimentary copy of the Key Accounts . Payable. Benchmarks Study and compare your invoice processing costs, technology improvements and AP productivity to those of other AP departments. This information-packed benchmark ...
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