Interested to Buy Any Domain ? << Click Here >> for more details...
what is Bills Receivables and Bills Payables?
- 44 Answers
- 398946 Views
- Accenture, Banking, College School Exams Tests, Excel, Finance, Ford, Genpact, HCL, HR Capital Services, IBM, ICICI, MNC, Wipro, I also Faced
- E-Mail Answers
Answer Posted / anil
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.
Recivable against sale of goods provided to the customer.
Bills Payable is nothing but the payable to the supplier
for which the nogotiable instrument in the form of bill of
exchage is given to supplier. payable against purchase
goods received from supplier.
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
what is the script forms standard text in fico
deffered tax treatment in financial statements
What is the GDP growth?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
what are the accounting ratios
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
Name the Accounting Concepts
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
