What is the nature of Bills Receivable account, I mean is
it a real account or personal a/c?
Answer Posted / ajay kumar srivastava
B/R is personal account until it is
encashed because it has no real value
until encashed.B/P is also a personal
acccount until it is paid because all the
liabilities are personal account.
| Is This Answer Correct ? | 5 Yes | 8 No |
Post New Answer View All Answers
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
---------is the main or principle book of accounts
Expand--------OTA
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
what are the content of purchase order?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
what do u mean by arrear basic or arrear hra?
How to raise my credit score if I have 500 credit score?
What is Financial planning?
plz send me hsbs finance questions asked in the interview ans appitude also
Is advance paid wages has credit balance?
last date of tds deposit yearly,tds proforma challan
cash sales and credit sales both are asset or liability?