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what is Bills Receivables and Bills Payables?
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Answer / prajval fds
Bills Receivable ; It is the amount receivable for purchase of goods and services in Credit.
Bills Payable ; It is the amount payable for purchase of goods and services on Credit.
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Answer / guptha
Any Document generated under “Negotiable Instrument Act. 1881” this is discounted / endorse/ transfer (Bills Receivable and Bills payable)
Bills Receivable Means If customer is accepted our raised Invoice is liability on that invoice.
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Answer / prakash saket
when u sell goods to a party and he doesn't pay u on that time and give u a bill for payment in future date that is called bills receivable .
Bills Receivable a/c Dr.
To Debtors a/c
and when u purchase goods from a party and give him a bill for payment in a future date its called bills payable
Creditors A/c Dr
To Bills Payable A/c
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Answer / noor mohammad
Bill receivable is the money that a company has right to receive, because the company has provided the goods or services.
Bill payable is the money that a company has to pay for the goods and services which company has taken.
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Answer / pedireddi sivarama kumar
B/P: AN AMOUNT WHICH A COMPANY OWES TO VENDOR FOR
PRODUCT AND SERVISES PURCHASED ON CREDIT.
B/R: MONEY WHICH A VENDOR OWES TO COMAPNY FOR PRODUCT AND
SERVISES PURCHASED ON CREDIT.
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / shyam sunder
bill receivable means when u buy any thing in credit then
drawer wil make bill of exchange and for drawer that bill
is know as bill receivable
and for drawee that bill is know as bill payable
who is drawer
is shyam sold goods to ram on credit then shyam is drawer
and ram is drawee
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / tairo, f. f
bills receivables are receipts made through negotiable
instruments or cheques pending clearence by bankers or any
other agents.
bills payables are payments made through negotiable
instruments or cheques pending clearence by bankers or any
other agents.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / avinash b v
Bills Receivable: Purchase bills received in the party and. Bills payable:You have to pay creditors bills as per as his bill amount that is called bills receivable and payable....
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / suresh
Bills receivable : It means receivable from the debtors
against his due date for sale of goods or services.
Bills payable : It means payable to the creditors against
our due date for purchase of goods or services
| Is This Answer Correct ? | 0 Yes | 1 No |
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