What is the Difference Between
(A/c Payable / Receivable ) AND ( Bills payable /
Receivable )................?
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Answer / h.r. sreepada bhagi
Accounts Payable - Amounts payable to the
Suppliers/Vendors/Creditors. The accounting group can also
be called as Sundry Creditors. This is Current Liability.
Accounts Receivable - Amounts receivable from the
Customers/Debtors. The accounting group can also be called
as Sundry Debtors. This is Current Asset.
Bills Payable - Bills of Exchange drawn by
Creditors/Suppliers on the company and is a Current Liability.
Bills Receivable - Bills of Exchange drawn by a company on
its Customers/Debtors and is a Current Asset.
| Is This Answer Correct ? | 34 Yes | 6 No |
Answer / bhups
Ac payable / receivable mains bill sending our cilent and
bill receivable meanis bill recivered from our vender
| Is This Answer Correct ? | 8 Yes | 13 No |
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Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
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