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what is Bills Receivables and Bills Payables?
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Answer / neeraja naidu.m
Bills receivables means:We have provided services or goods for customers on that period we have not take any cash or chque,we have to receive in future its calles bills receivables.(credit sales).
Bills payables means: we have received goods for the suppliers on that time we have not pay any amount,we have to pay in future its called bills payables..(credit purchases)
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / anni
bills payable normally are the bills which are to be paid..and bills receivable are the bills which are to be collected from the costumer...in a simple manner
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / rohitash sharma
Bill Receivable ie; ammount earned but not received
while
Bill payable ie; expenses incurred but not paid.
| Is This Answer Correct ? | 14 Yes | 7 No |
Answer / anil
Bills receivables is nothing but the amount receivable from
the customers for which the negotiable instrument in the
form of bill of exchange is received from the customer.
Recivable against sale of goods provided to the customer.
Bills Payable is nothing but the payable to the supplier
for which the nogotiable instrument in the form of bill of
exchage is given to supplier. payable against purchase
goods received from supplier.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / m.kavitha
Bills Receivable means bill drawn by the creditor and dually
accepted by the debtor
Bills Payable means bill drawn by the trader and dually
accepted by the creditor
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / sandeep rao
bills receivables is nothing but the amount receivable from
the customers for which the negotiable instrument in the
form of bill of exchange is received from the customer.
bills payable is nothing but the payable to the suppliers
for which the negotiable instrument in the form of bill of
exchange is given to the suppliers.
(&)
Bills Receivables :- purchase bills received from party &
bills payable :- you have to pay creditors bills as per his
bills amount (deducted his TDS), That is called bills
receivable & payable.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / sarathy
BILLS RECEIVABLE IS NOTHING BUT ISSUING PAID RECEIPT TO THE BUYERS.
BILLS PAYABLE IS NOTHING BUT GETTING A PAID RECEIPT ON PURCHASE.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / shanker
what is Bills Receivables and Bills Payables?
Ans:- Bills Receivables is a written promise document
received from the suppliar for selling goods. Its a assets
for the company and appears in the balance sheet under
Current assets.
Bills payable:- Bills payable is a written promise document
payable to the suppliar for buying goods. Its a liability
for the company and appears in the balance sheet under
Current liability.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / n.chakravarthi
bills receivable is equal to current assest bills payable is
equal to current liability
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / hari
Bills Receivable: what others owe to the company. & Bills
Payable: what company owes to others.
hariknl.
| Is This Answer Correct ? | 4 Yes | 3 No |
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