Because these exps are paid/payable to persons. person includes Sole Proprietor, Partnership Firms, HUF, Co; etc.Personal accounts always appear in B/S until it is transfered to expenditure by debiting to P&L A/C.

Accounts payable refer to the current liability of a business or an organization. That is the unsettled payments in a business or an organization refers to Accounts payable.

Bills payable refers to bills settled. In other words the paid and accepted recorded bills in a business or an organization refers to bills payable

The difference between Debentures and Preferential Shares is as follows:

1) Person holding debentures has owed money to a company, while Preferential Shareholder could be considered as a partial owner of the company.

2) A Preference shareholder earns dividends if the company is making profits, however a debenture holder needs to be paid irrespective of making profits or losses.

3) A debenture holder would be paid the capital invested at the end of a stipulated term. A preference shareholder is not promised return of capital invested; instead he earns dividends till the time the company exists and is profitable.

4) A debenture holder earns interest on the capital invested till the capital is not returned, while a preference shareholder is paid dividends till the time the company exists.

Open item management ensures that all items that have not yet been cleared are available in the system. Only after every open item in a document is cleared can a document be archived.

Debenture holder are those who provides long term loan at specific interest rate in term of cash and creditor provides only short term credit in term of cash for purchasing of goods.

Accounts Payable is a short term liability of an organization. It's a process by which a company buys goods and services on credit and is billed in the form of an invoice, which states the terms and conditions of the payment. Accounts Payable is recorded as a current liability in the balance sheet. All accounts paayble entries are to be coded under the right G/L accounts to have an accurate picture of the company's short term liability.

advantages: view is used to retrieve the data very fastly from the database tables
* memory wastage is reduced
* faster than joins to retrieve the data from database tables

disadvantages:
* view is not a container,it will not hold the data
* view memory is not permanent memory

sap memory is a global memory whereas abap memory is local memory.

For example, we have four programs in abap memory and assigned some varibles to a particular program in abap memory then those varibles can't be used by anyother program in abap memory i.e., the variables are only for that program and also local to that memory,whereas sap memory can access all the abap memory or else it can perform any kind of modifications.