Is the Bills payable is personal account ?
Answers were Sorted based on User's Feedback
Answer / rafeeq ahmed
It's a liability and it comes under balance sheet. Liabilities side.
Is This Answer Correct ? | 4 Yes | 1 No |
it is an obligation to pay debt, and all outstanding liability comes under personal natured. Hence it is under personal account.
Is This Answer Correct ? | 1 Yes | 1 No |
what will be the entry for baddebts write off. what will be the entry for baddebts write off recovered.
what is different between leaser of subsidary book and journal?
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
What is a Pay Group
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
What is the maximum amount of Bank DD or PO we can make in INR?
what do you mean by Firm
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
Tell me how you can adjust entries into account?
how i will pass the journal entry for the shipping charges
main features of different sources of short-term finance ?
what is capital reserve?