is 'loan' categorized as billpayable?explain

Answer Posted / ca prem

Loan cannot be catogerised as Bill Payable , since interest
is calculated on day 1 of loan disbursal

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is similarites between tata motors and airtel

2161


Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?

1752


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

1519


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

1615


Expand---------ODMT

2024






Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1207


where is suspense entry is entered in tally erp9

988


difference between vat 47 & vat 49

2695


what is leverage n detail and tpoes of leverage with iagram?

1715


1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

1629


Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

1738


how do you prepare the mis reports and prepare the one example report stating your accounts department proforma

1553


You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

1818


What are the types of journal categories available in the Oracle AP?

1648


What is Free Cash?

1740