Posted by Toni on Monday, March 3, 2008 at 9:29pm.
This might either refer to the amount of accounts payable (unpaid bills), relative to total purchases over a period of time, or it may refer to the skill level required for an accounts-payable job, as in
http://www.ci.newport-news.va.us/human-resources/downloads/Accounts%20Payable%20Technician%20I,%20II.pdf
It seems like the phrase is being taken out of full context.
Account Word Problems like this I seem not to get the concept , please give me an exam as how to figure out this problem.
1. The liabilities of Acosta Corporation equal one-third of the total assets. And
stockholders equity is $160,000. What is the amount of the liabilities.
Assets = Liabilities + S Equity
? = ? + $160,000
2. The liabilities of the Cochran Company equal one-fifth of the total assets
The stockholders equity is $40,000. What is the amount of the liabilities?
Assets = Liabilities + S Equity
? = ? + $40,000
I have no exam to give you; we have no teachers of your subject on the Jiskha team.
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