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what is the meaning of receivables and payable?
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Answer / gagan singh
credit sale is a part of receivable
expenses which are booked in end fo fy but paid in next fy
are payable on 31st march.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / guest
any amt. due but not received this is called receivables
(B/R).
any amt. due but not paid this is called payable (B/P).
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / astha bansal
receivable is the term in which we includes all amount
which will be received after a short time period
payable a term in which we will pay the amounts oe business
in near future
| Is This Answer Correct ? | 1 Yes | 1 No |
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