what is the meaning of bills payable and bills receivables?
Answer Posted / venky
bills payable means, when the firm made credit purchases at
the time creditor write bill on the firm that amount , firm
and creditor both are accept. the is called bills payable.
bills receivable means like wish here firm write the bill
on debtor at that amount pay to this will pay in future
this is called bills receivables.
Is This Answer Correct ? | 401 Yes | 116 No |
Post New Answer View All Answers
what are the different kinds of cash books
Short Answer on __________Accrued interest
What is the New GL concept? how do you configure new GL a/c?
Short answer on _______Amendment
how to do finalisation account ,pls tell me step by step ?
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what is circuit filter?
Tell me about how you have left a position better than you found it
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
how to calculate share values of a company.
Breif notes about accounting standards
What are different types of reports made in tally
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
Which document should be attached with purchse & sales invoice?