what is the meaning of bills payable and bills receivables?
Answer Posted / appu
Bills receivable is the amount received from debtor
Bills payable is the amount given to debtors
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
What is the GDP growth?
Take me through the entire vendor cycle.
Breif notes about accounting standards
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Expand---------PCDB
what is the system of accounting and banking in cooperative bank?
EXPAND_________TOEFEL
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
What is 100% EOu? what is the benifit and what is difficulty of it?
What is the journal entry for Call and a Put option both in the books of buyer and seller
Data flow of Accounts payable to General ledger?
what is the uniform public construction cost accounting act?