Answer / meenakshi

Bills receivable is also called B/R.When we purchase
material etc from a party the a bill is created by the party
(called vendor) which is called bills receivable for the
vendor and bills payable for us.

Answer / buddhpal

Bills is also payable and receivable. because bills when
we purchase any thing, and receive also when we sell some
goos to other party. so both are right.

Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??

2 Answers  

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what is share spilitting

3 Answers  

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what is the debtor & creditor, i am purchasing a good then," who is the creditor"

3 Answers  

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double entry system

1 Answers   Spedag Interfreight,

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I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

1 Answers  

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we given tour advance to party how to treat entry and which head have to given expenditure

4 Answers  

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My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

0 Answers  

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In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

0 Answers  

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What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

0 Answers  

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a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

0 Answers  

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What is Reserve & Surplus? Plz give me with some Example.

10 Answers   Bank Of India, Genpact, iGate,

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what is TDS what percentage its calculated

1 Answers  

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