3. When an asset other than merchandise inventory is purchased on account: If an asset other than inventory such as plant, equipment, tools, furniture or some other fixed asset is purchased on account, the accounts payable liability is recorded as follows: Relevant asset's account [Dr. ] Accounts payable account [Cr. ] 4. When expenses are incurred or services are purchased on account: If some professional services (such as market and legal services etc. ) are acquired or expenses are incurred and the payment for them is to be made in future, the accounts payable liability arises which is recorded by making the following journal entry: Relevant expense [Dr. ] 5. When the payment is made to a creditor or payable: When the payment is made to payable or creditor, the accounts payable liability reduces which is recorded by making the following journal entry: Accounts payable [Dr. ] Cash [Cr. ] A D V E R T I S E M E N T Example The Chicago Corporation engaged in the following transactions during the month of January.

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They have one of the fastest growth profiles in the large-cap medtech universe, solid balance sheet flexibility and a diversified business. There continues to be positive sentiment towards robotic surgical equipment, an area where Stryker's Mako system is an industry pioneer and leader. The stock sold off recently due to a proposed acquisition of Wright Medical. We believe this represents an attractive entry opportunity, with the acquisition synergistically expanding their reach into new areas. PFIZER (PFE NYSE) Pfizer historically has had numerous long-duration, low-growth assets that generate significant cash flow along with a low-growth consumer products business. Following several acquisitions, the company has built out a strong pipeline of late-stage products and a pathway to growth by spinning off the lower-growth businesses into joint ventures. The most recent transactions caused the stock to sell off, providing an entry point for those looking at the position over the medium term.

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This is to inform the general public that the EBSCOEI Job Vacancy 2020 Application Form is out. See this post to know how you can start your application processes. EBSCOEI Job Vacancy 2020 – The Governing Council of Ebonyi State College of Education, Ikwo, invites applications from suitably qualified candidates for the position below: READ ALSO: Ebonyi State Job Vacancies 2020 | Qualifications & How to Apply [See Here] Job Details Job Title: Provost Location: Ebonyi State Job Description Subject to the general control of the Governing Council, the Provost shall be the Chief Executive of the College and shall be charged with the general responsibility for matters relating to the day-to-day management/operations of the College. EBSCOEI Job Vacancy 2020 Qualification and Experience To be eligible for appointment as a Provost at EBSCOEI Job Vacancy 2020, the applicant must possess the following qualities: Be a Professor or a Chief Lecturer of at least five (5) years cognate experience; Have education qualification plus Ph.

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