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what is bill receible
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Answer / hari
writeen promises received from the other traders for
selling goods is know ua bill receible
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / abdullah amer
bill receible is a subsidiary book which is used to record
the bills received from debtors.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / b.narasimha rao
the goods sell on credit when the firs written the bill on
debitor and the debitor accepted the bill the amount paid
in future at specied time these called bill receible
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dasappa.s
Bill receivable is an a written document drawn by an a
drawer to a drawee for an amount to be paid to an drawer by
drawee. It should duly written,signed and stamped
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / pradeep kumar
x supplied goods to y on credit basics for one month for
x it is a receivable it is called a bill receivable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sridhar
Total of credit sales is Bills receivables and it is a
subsidiary book.
| Is This Answer Correct ? | 0 Yes | 0 No |
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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
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