Answer / meenakshi

Bills receivable is also called B/R.When we purchase
material etc from a party the a bill is created by the party
(called vendor) which is called bills receivable for the
vendor and bills payable for us.

Answer / buddhpal

Bills is also payable and receivable. because bills when
we purchase any thing, and receive also when we sell some
goos to other party. so both are right.

what is the financial year of providend fund? please tell me return form no. for p.f.and esic?

1 Answers  

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Why do users of accounting information need accounting information?

0 Answers  

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A=27, B=63 What is d % Difference between 2?

1 Answers  

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What is cost accountancy? What are the objects of cost accountancy?

0 Answers  

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Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

0 Answers  

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what is the three basic rule of journel

2 Answers  

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fixtures of the the book value rs.2500 sold off at rs. 1600 and new fixtures of the value of rs.4000 were acquired what would be amount of capital loss if cartage on purchase is rs. 5? a.2500 b.900 c.1605 d.4005

1 Answers   Xerox,

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Diff between Net profit & Gross profit?

12 Answers   HCL,

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HOW TO POST THE GENERAL ENTRY OF DEPRECIATION ON FURNITURE IN ACCOUNTING SOFTWARE FOCUS

1 Answers   DELL,

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Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??

0 Answers  

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How to approve ‘n’ no. of invoices

0 Answers   Accenture,

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why i want to join Hawkins company

0 Answers   Hawkins, HDFC,

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