what is bills payable and bills receivable?

Answer Posted / sreenatha reddy a

a bill Is Discounted in A Discount Agent for Some Discount at the Maturity or the Due Date The Bill is Payable at the Full Value Is Called bills Payable and for Bills Receivable It is Quite Opposite

Is This Answer Correct ?    9 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

6593


how to prepare for accontant examinations

1642


how many times we can deposit the old currency in one a/c in the bank

1717


Define partitioning in accounting?

1142


Tell me why some asset accounts have a credit balance?

649






what is the method deposit of wct in Delhi

1737


were you happy with the grades you achieved at a-level?

617


Can you name any other accounting application?

730


how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..

3739


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

1633


What are trade bills?

761


If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .

1703


My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

1674


Tell me what is ledger?

3428


PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1489