what is Bills payable



what is Bills payable..

Answer / t. prathap

Bills payable is libility of a company
Bills payable is nothing but the payable to the suppliers.
Bills payable is the just like creditor
Bills payable means when the firm made credit purchase at the
time creditor write bill on the firm that amount.

Is This Answer Correct ?    11 Yes 2 No

Post New Answer

More Accounting General Interview Questions

what is the meaning of revenue income and revenue expenditure

1 Answers  


What is consolidated financial statement.

9 Answers   Accenture, Capital IQ,


How to pass advance entry in tally, and how it should adjust against future invoice.?

9 Answers   Alpha Technologies,


Any income which is earned in the current financial year (2009-10) but received in the assessment year(2010-11) wil be taxable in the current financial year or not?

5 Answers  


What is an interest rate swap

0 Answers  






hi my name is nagesh,am working in constructions company i have one dout tally software purchase it is asset or expenditure.pls reply ASAP.

2 Answers   Mico,


A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.

1 Answers  


In accounting, how do you define the premises?

0 Answers  


what is enty of income tax paid by company.& what is group of income tax paid.

9 Answers   Genpact,


On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?

2 Answers  


in which voucher we can enter the depreciation entry

2 Answers  


what is difference between job costing and process costing?

2 Answers  


Categories