what is Bills Receivables and Bills Payables?
Answer Posted / prajval fds
Bills Receivable ; It is the amount receivable for purchase of goods and services in Credit.
Bills Payable ; It is the amount payable for purchase of goods and services on Credit.
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Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
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