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what is bill payable?
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Answer / raju
Bills payable which is due from us to other party payable
for his services.. For ex; Telephone bills payable within
due date is known as BP.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / ismail
recording of bills raised by the suppliers is called bills
payable/accounts payable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / yogendra.c
It is a guarantee that the business gives to the vendors or suppliers for the payment on a specified date to a specified person or order.
In other way you can take it as authorization letter for a creditor.
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My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
why you want to lecturer
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
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