Answer Posted / mr. amit kumar singh, badheya

A bill receivable is a document that your customer formally
agrees to pay at some future date (the maturity date). The
bill receivable document effectively replaces, for the
related amount, the open debt exchanged for the bill. Bills
receivable are often remitted for collection and used to
secure short term funding.


Bills payable (better known as accounts payable) are
expenses that are owed to other companies as a result of
purchasing a product or service on credit.

For example: If a company buys $1,000 of paper towels as
supplies but is not required to pay for 30 days. Accounts
payables for the purchasing company will increase by $1,000.

Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

2160

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In case of new admission of partner what will be the adjustment for the sharing ratios

2078

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legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

3090

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if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1875

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How to Calculate Mortgage?

2332

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Is depreciation a expense or income?

1690

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does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

2184

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which Electrical items is Exciseible

2258

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difference between contra entry and double entry?

3088

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Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa

2080

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Clasify capital

1957

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While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.

1830

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please give me a last 10 years sbi clerk question and answer paper

1948

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Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

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I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1748

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