what is the meaning of bills payable and bills receivables?
Answers were Sorted based on User's Feedback
Answer / appu
Bills receivable is the amount received from debtor
Bills payable is the amount given to debtors
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dauda ridwan
A bill receivable is a document showing that a debtor will pay in a future time
A bill payable is a document showing that the organisation will pay to its creditor in the future time
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dayanand
bills Receivable means Bills drawn by the treder and duly accepted by his debtor are called receivable bills payable means bills drawnby the creditor and accepted by the trederin settlement of accounts are called Bills payables
Is This Answer Correct ? | 1 Yes | 5 No |
can anyone give me clear meaning of INVOICE in accounting terms
12 Answers Aster Infratek, Microsoft,
what is the difference between tally9.0 and tally9.1 version
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
What is Financial?
What is the difference between the Invoice and Bill?
What is ASAP methodology
What is Accumulated Depreciation?
What is meant by the Ficititious Assets?
We are an educational institution head office in chennai. We don't have Tin Nos. Sales Tax nos, and CST Nos. we have only Service tax nos. if i purchase a computer in chennai and i transfer it to our institute which is in bangalore.Is it possible. what are the documents required for this.
Mention the differencebetween consiner and consinee?
Under the accrual basis of accounting incomes are recognised at the time -------------------
A company staff's visa procedure's expenes are treated as indirect expense or not. please give the journal entry and tally posting.