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what is Bills Receivables and Bills Payables?
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Answer / prajval fds
Bills Receivable ; It is the amount receivable for purchase of goods and services in Credit.
Bills Payable ; It is the amount payable for purchase of goods and services on Credit.
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Answer / guptha
Any Document generated under “Negotiable Instrument Act. 1881” this is discounted / endorse/ transfer (Bills Receivable and Bills payable)
Bills Receivable Means If customer is accepted our raised Invoice is liability on that invoice.
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Answer / prakash saket
when u sell goods to a party and he doesn't pay u on that time and give u a bill for payment in future date that is called bills receivable .
Bills Receivable a/c Dr.
To Debtors a/c
and when u purchase goods from a party and give him a bill for payment in a future date its called bills payable
Creditors A/c Dr
To Bills Payable A/c
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Answer / noor mohammad
Bill receivable is the money that a company has right to receive, because the company has provided the goods or services.
Bill payable is the money that a company has to pay for the goods and services which company has taken.
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Answer / pedireddi sivarama kumar
B/P: AN AMOUNT WHICH A COMPANY OWES TO VENDOR FOR
PRODUCT AND SERVISES PURCHASED ON CREDIT.
B/R: MONEY WHICH A VENDOR OWES TO COMAPNY FOR PRODUCT AND
SERVISES PURCHASED ON CREDIT.
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / shyam sunder
bill receivable means when u buy any thing in credit then
drawer wil make bill of exchange and for drawer that bill
is know as bill receivable
and for drawee that bill is know as bill payable
who is drawer
is shyam sold goods to ram on credit then shyam is drawer
and ram is drawee
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / tairo, f. f
bills receivables are receipts made through negotiable
instruments or cheques pending clearence by bankers or any
other agents.
bills payables are payments made through negotiable
instruments or cheques pending clearence by bankers or any
other agents.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / avinash b v
Bills Receivable: Purchase bills received in the party and. Bills payable:You have to pay creditors bills as per as his bill amount that is called bills receivable and payable....
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Answer / suresh
Bills receivable : It means receivable from the debtors
against his due date for sale of goods or services.
Bills payable : It means payable to the creditors against
our due date for purchase of goods or services
| Is This Answer Correct ? | 0 Yes | 1 No |
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WHAT TYPE OF ESSAY WRITING ARE GIVING
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
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