Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of bills payable and bills receivables?
- 23 Answers
- 192747 Views
- Genpact, Mona Lisa, PP, Scope International, TATA, I also Faced
- E-Mail Answers
Answer Posted / venky
bills payable means, when the firm made credit purchases at
the time creditor write bill on the firm that amount , firm
and creditor both are accept. the is called bills payable.
bills receivable means like wish here firm write the bill
on debtor at that amount pay to this will pay in future
this is called bills receivables.
| Is This Answer Correct ? | 401 Yes | 116 No |
Post New Answer View All Answers
What is cash clearing account
how standard costing techniques are applied in manufacturing sectors
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
what are the models of valuation of the company
fd redeem interest and principal entry in tally
Difference between cash and merchantile system?
How do the standards assist the users of financial report?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Expand----------MTSC
Define Bill of Exchange
How can fictitious assets be measured or valued?
