Interested to Buy Any Domain ? << Click Here >> for more details...
bills receivables shows which balance
- 11 Answers
- 22589 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ravichandra
bills receivables a/c is always show debit balance.
| Is This Answer Correct ? | 21 Yes | 1 No |
Answer / hemanth.n.s
debit balance. It is an extension of sundry debtors called
as bills receivable for which the concerned parties being
accepted the bills offered by the company
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / lakshmi.s
Bills receivable is terminology that is used between a
debtor and creditor. This is accounting terminology. An
example of Bill Receivable has been illustrated for your
benefit:
Mr. X owes Mr. Y $100. He owes this money because M.r Y has
sold furniture to Mr.X but X has not yet paid Y. He has
promised to pay Y after 6 months. Y will then issue a note
to X called a Bill of Exchange. This bill will state that X
owes Y a specific some of money because he has received
furniture from Y. It will also specify the date on which
the payment will be made by X. This bill of exchange will
be printed on Government approved stamp paper only.
In the double entry system of accounting, this bill will be
called Bills Receivable in Y's books and Bills Payable in
X's books.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / jitendra
B/R shows debit balance,it arises because of credit sales
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
blind answer is whatever the receivables it always shows
debi balance
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / venugopal reddy
All incomes and assets show Dr balance.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sathyanna
bills receivables means company have to collect debts
from sundry debitors so always bills receivables
reflect Debit balances
| Is This Answer Correct ? | 1 Yes | 0 No |
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
what is span of shares
what is the difference between cost centre and bussiness centre?
EXPAND______________OCC
what is MNC?
43 Answers SeaGull Labs, Syntel,
What is accrued account payable?? Give some journal entries with examples.
Define current worth,define net worth ratio.
What is rules of depricaition in company act.or IT act.
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
expand NASDAQ?
what experience you have as cashier?
expand--------DRS
Audit 
