Interested to Buy Any Domain ? << Click Here >> for more details...
what is Bills Receivables and Bills Payables?
- 44 Answers
- 400618 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 / mohan kunepalli
Bills Receivables: If any material sales after you will take some amount to Debtors its called a Bills Receivables. For us it is a current Asset.
Bills Payable: If any Material Purchase after you will pay some amount to vendors its called a Bills Payable. For us it is a current Liabilities.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
What is difference between cash flow and funds flow?
How do you handle lack of direction or working in chaos
What is mean by Reserve on Consolidation?
How do we return the loan in equal installments with interest in tally
What are the things are not Included in Annual Reports?
what about case study
what can increase gearing?
WHAT IS PROSPECTUS?
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
what is pre settlements and post settlements in Derivatives?
What is inter-corporate deposits? and where it is shown in balance sheet?
what is Journal Entries?
What exactly balance sheet depicts
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
