§ 201.234 - Accounts payable to associated companies.  


Latest version.
  • These accounts shall include amounts owing to associated companies on notes, drafts, acceptances, or other similar evidences of indebtedness, and open accounts payable on demand or not more than one year from date of issue or creation.

    Note:

    Exclude from these accounts notes and accounts which are includible in account 223, Advances from Associated Companies.