Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the meaning of bills payable and bills receivables?

Answer Posted / amit laddha

bills receivables is nothing but the amount receivable from
the customers for which the negotiable instrument in the
form of bill of exchange is received from the customer.

bills payable is nothing but the payable to the suppliers
for which the negotiable instrument in the form of bill of
exchange is given to the suppliers.

Is This Answer Correct ?    42 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do you mean by Adjustment

2086


duties of bank finance manager

2256


commisiion recieved journal entry and receipt required

1514


I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

1985


My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

2139


what is Calculation of Gross Profit Or Gross Loss?

2298


After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

2392


cany anyone explaing what are the functions of an Account Officer/Manager?

2176


Indian Iran Gas pipeline

2171


What are the question asked for accounts associate

985


How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?

2265


What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.

2308


How can we display last five years sales in tally

2038


What is the meaning of Debt reconciliation and how to do debt reconciliation?

2516


What is Insider Trading ?

2307