what is bills payable and bills receivable?
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 3 Yes | 5 No |
If i paid cash to my merchandiser(employee) in his imprest account.& if he is not able to arrange the purchase bill than how will be his account settled or what will be the entires for this process.
How do you add/remove a payment block for particular invoice ?
Tell me,as per companies which section P&L Account and balance sheet will be prepared
How to Calculate Salary..? What is % will be taken for Basic Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side Employer & Employee..
what is factory account. Descibe in details
credit card expenses entry kisme pass karenge
What is mean by capital gain
what is the enty for gift given to company employee by company but purchased by director of the company
What is the difference between Capital and Total Equity in a Company?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
What are the differences between accounting and auditing?