what is different between accouts receivable and billing?
Answer Posted / r.chandrasekaran
Billing is related to a sale. If a bill is raised towards a credit sale on a party. Then the party will become the debtor, whose account comes under receivables in the books of accounts. But account receivable may also includes the parties of debtors other than debtors on trade.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
How is an accounting department structured?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
why we multiply no. of purchasing year with average profit
Productive Investment is Working Capital. Is it correct?
what is the basic difference between pooling of interest method and purchase method in amalgamation
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
Journalise- opened a saving a/c with S.B.I. ?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
what is ment by suspence account and dummy account
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Why TDS not Deducted on Service tax amount of Rent.
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
is WCT aplicable on educational institutions also??????