Can Accounts Payable be negative?

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Can Accounts Payable be negative?

abbas_chinikham
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02-11-2009, 09:14 PM

We are in trading business. We have a customer/supplier from whom we purchases as well as sell our product. So I am confuse whether to use one head or 2 different head for the same company.

The issue is if I make 1 head as Account Payable and we sell more good than we had purchased, this will cause Account Payable to be negative.

Can we have negative Account Payable?

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Can Accounts Payable be negative? - by abbas_chinikham - 02-11-2009, 09:14 PM

[No subject] - by kamranACA - 02-11-2009, 10:07 PM

[No subject] - by abbas_chinikham - 02-12-2009, 03:15 PM

[No subject] - by Hasaan - 02-13-2009, 10:34 PM

[No subject] - by kamranACA - 02-13-2009, 11:15 PM

[No subject] - by Uzair - 02-19-2009, 05:51 AM

[No subject] - by kamranACA - 02-19-2009, 05:57 PM

[No subject] - by Star - 02-19-2009, 06:35 PM

[No subject] - by Uzair - 02-19-2009, 06:43 PM

[No subject] - by kamranACA - 02-19-2009, 10:05 PM

[No subject] - by kamranACA - 02-19-2009, 10:06 PM

[No subject] - by Uzair - 02-20-2009, 12:28 AM

[No subject] - by Uzair - 02-20-2009, 12:39 AM

[No subject] - by kamranACA - 02-20-2009, 05:01 AM

[No subject] - by Star - 02-20-2009, 03:37 PM

[No subject] - by kamranACA - 02-20-2009, 08:39 PM