what is the meaning of bills payable and bills receivables?
Answer Posted / nilesh
Bills payable is liability document of company which shows
its liability towards creditor from it whom company has
purchase some thing and bills receivable is asset document
which shows our debtors liability to us i.e how much amount
we have to rececieve from that person,
| Is This Answer Correct ? | 200 Yes | 48 No |
Post New Answer View All Answers
What exactly is derivatives segment. can u explain futures and options with examples...
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
What three Specific Job Positions do you target from the Industry
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
Hi friends ineed finacial analyst interview question Pls share it
while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited
What are the general Ledgers?
Is interest of a business unit Operating Expense or Non Operating Expense
is it necessasary to make a partnership deed
What are the types of journal categories available in the Oracle AP?
Clasify Loss
What is back value adjustment/correction in Nostro Reconciliations?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
why you would like to work for the our(AIRLINE) Group ???
Expand-------NAST