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what is the meaning of receivables and payable?

Answers were Sorted based on User's Feedback



what is the meaning of receivables and payable?..

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

what is the meaning of receivables and payable?..

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

what is the meaning of receivables and payable?..

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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