what is bills payable and bills receivable?
- 3 Answers
- 6489 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
bills payable is our liability and bills receivables are
our assets. like sundry creditors or debtors.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / prathiba.p.v@gmail.com
A bill of exchange or a promissory note payable by the
business is known as bills payable. And a bill of exchange
or a promissory note receivable by the business is known as
bills receivable.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sreenatha reddy a
a bill Is Discounted in A Discount Agent for Some Discount at the Maturity or the Due Date The Bill is Payable at the Full Value Is Called bills Payable and for Bills Receivable It is Quite Opposite
| Is This Answer Correct ? | 9 Yes | 4 No |
If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.
how can i settle the party ac with cr & dr
when cheque deposited into bank for collection and that is not cleared yet what is the entry for it?
what are accounting standards
how to pass journal entry when cash received in the form of gold or other form?
last year company profit is Rs 50.000 ,the part of the profit is transfer to reserve and surplus account . but the current year company suffering loss .in that situation company can take help Rs 25000 from reserve and surplus . if yes than how can ,please reply me what is general entry
what is one way , two way matching , three way , four way matching ?
Define a company's payable cycle?
Why we show always closing stock in credit?
what is indian income & foreign income
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
Tell me do you have any idea about service tax or excise?
Audit 
