what is the meaning of bills payable and bills receivables?
Answer Posted / paras
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 ? | 41 Yes | 18 No |
Post New Answer View All Answers
who introduces the single entry format?
Expand MNS
differed tax liability
what is the difference between Assets Allocation & Security selection?
How can i prepare MIS report for Finance?
let me know the meaning and Nature of cash
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
all of interview question about coop bank of oromia
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
Data flow of Accounts payable to General ledger?
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
can payorder be issued for outstation?if yes then how?should it be account payee?
why you choose accounting as your career ? ?