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Accounts payable ( AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. [1] An accounts payable department's main responsibility is to process and review transactions between the company and ...
An example is the Tagalog word libre, which is derived from the Spanish translation of the English word free, although used in Tagalog with the meaning of "without cost or payment" or "free of charge", a usage which would be deemed incorrect in Spanish as the term gratis would be more fitting; Tagalog word libre can also mean free in aspect of ...
Balagtasan is a Filipino form of debate done in verse. Derived from the name of Francisco Balagtas, this art presents a type of literature in which thoughts or reasoning are expressed through speech. The first balagtasan took place in the Philippines on April 6, 1924, created by groups of writers to commemorate the birth of Francisco Balagtas. [1]
Community Tax Certificate. A community tax certificate ( Filipino: sertípiko ng buwís pampámayanan) or sédula (from Spanish cédula ), sometimes confused as residence certificate, is a legal identity document in the Philippines. Issued by cities and municipalities to all persons that have reached the age of majority and upon payment of a ...
A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
A Tagalog speaker, recorded in South Africa.. Tagalog (/ t ə ˈ ɡ ɑː l ɒ ɡ /, tə-GAH-log; [3] [tɐˈɣaː.loɡ]; Baybayin: ᜆᜄᜎᜓᜄ᜔) is an Austronesian language spoken as a first language by the ethnic Tagalog people, who make up a quarter of the population of the Philippines, and as a second language by the majority.
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another. Clearing houses were formed to facilitate ...
The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. [1] It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches ...