Answer Posted / sharda bajracharya

An invoice is a commercial document issued by a seller to a
buyer, indicating the products, quantities and agreed
prices for products or services that the Seller has already
provided the Buyer with. An invoice indicates that, unless
paid in advance, payment is due by the buyer to the seller,
according to the agreed terms.

A bill is a document requesting payment for goods
previously supplied. This presentation of a bill is common
practice on the part of restaurants, credit card companies,
utilities, and other service providers. The bill for
something is the total price of all services and goods
received but not yet paid for, and is presented in the
expectation of immediate payment in full. If a bill is not
paid, a collections company is usually given the
responsibility of collecting the amount due and service is
terminated. Under English law, a person who makes off
without paying the bill, or who dishonestly secures a
remission in the amount payable, commits an offence under
the Theft Act 1978. When a company cannot pay its bills, it
is said to be insolvent.

Take me through the entire vendor cycle.

2042

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Why you choose commerce faculty & not science or Why you are in commerce & not in science ?

2246

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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??

1988

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Short Answer on _____________Accident Insurance

1831

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How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

1971

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3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

2278

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what is Calculation of Gross Profit Or Gross Loss?

2298

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what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

2227

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What is the GDP growth?

2127

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I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

4231

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2351

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EXPAND_________SEC

2272

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we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

2106

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Expand-------ANTS

2077

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What are the things are not Included in Annual Reports?

2116

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