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.

Answer / ismail

recording of bills raised by the suppliers is called bills
payable/accounts payable

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.

if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary

1 Answers  

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What is a Bluechip Company?

2 Answers   State Bank Of India SBI,

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what is the meaning of prepaid&accruals in accounting?

1 Answers   AFI,

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for an inter branch bank transfer (sbi to sbi)what entries should we pass?

3 Answers  

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what is legal meaning of CLEAR BALANCE mentioned in bank passbook of a saving account ?

2 Answers   Bank of Maharashtra,

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Why do you prepare a P/L Appropriation a/c?

3 Answers  

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What are the following types of accounts falls under in Accountancy? Can you please classify the following whether they are nominal ,real or personal account ? 1)sales tax account 2)Debtors account/Creditors account 3)Bank Overdraft account 4)Bills Payable Account/Bills receivable Account 5)Stationery Account 6)Purchase account 7)Loan Account

2 Answers   Infosys,

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what is current rate of excise duty in india

2 Answers  

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We are dealing in a security (MANPOWER PROVIDER)WE HAVE A PROBLEM AS PER OUR CLIENT'S REQUIREMENT pf and esic challan seprately require by client's can we generate seprate challan Please advice as early as possible.

1 Answers  

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what is the difference between shares and debentures

1 Answers   ADP,

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What is the entry for Accumulated Depreciation??

2 Answers   Genpact,

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benefits of fund flow statement to an individual, organisation and to the society?

1 Answers  

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