what is the meaning of bills payable and bills receivables?

Answer Posted / sheela

Bills Payable:the outstanding unpaid notes or acceptances
made and issued by an individual or firm.

Bills receivable: the unpaid promissory notes or
acceptances held by an individual or firm.

Is This Answer Correct ?    164 Yes 63 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

difference between office expense and miscelleanous expense with some examples

1593


Can v transfer trail balance to journal entry how and with example?

1765


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2450


If income and expense both are equal then what it depicts

1533


For what purpose ERS is used for?

1786






I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1682


What is wealth maximisation

1637


What is Hot Issue Income for Hedge Funds?

8246


How does the ration analysis help in depicting profit and loss

1710


How to Calculate Mortgage?

1890


define bank Draft

1839


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2194


What is money measurement concept

1677


What is the Formula For Return on Working Capital

1726


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

1758