Check sibling questions

In Case of Companies

AP Department is of 2 types

1.OPEX Department

2,CAPEX Department

 

Opex Dept deals with Normal Expenses like Purchase,Office Exp,Salary and Other Direct and Indirect expenses

Capex Dept deals with Purchase of Fixed Assets like Machinery,Building etc as well as their expenses of Capitaization like Machine Installation expenses,Building Construction expenses etc

 

Vendor payments can be in case of both OPEX and CAPEX

 (AP Process is Similar for both CAPEX AND OPEX)

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.