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is 'loan' categorized as billpayable?explain
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Answer / prashanth
No. Loan is long term liability while bills payable is
shortterm liability.
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Answer / ca prem
Loan cannot be catogerised as Bill Payable , since interest
is calculated on day 1 of loan disbursal
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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