what is the meaning of bills payable and bills receivables?
Answer Posted / paras
Bills payable is liability document of company which shows
its liability towards creditor from it whom company has
purchase some thing and bills receivable is asset document
which shows our debtors liability to us i.e how much amount
we have to rececieve from that person
Is This Answer Correct ? | 41 Yes | 18 No |
Post New Answer View All Answers
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
What si the differance between REVENUE and PROFIT?
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
how to prepare mba finance for interview questions
which are the basic princeples of accountancy... with examples
How and by whom the Percentage of Depreciation is fixing?
what are the uniform public construction cost accounting act procedures?
What is deffered income
What's the meaning of Preferential Creditor?
How i pass the share holders capital entry in Tally? How to set this option in Tally?
What are Mortgage Payment Problems?
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
What do you mean Business
what is sevice tax? on what service tax is applicable. explain with examples?