is 'loan' categorized as billpayable?explain

Answers were Sorted based on User's Feedback



is 'loan' categorized as billpayable?explain..

Answer / prashanth

No. Loan is long term liability while bills payable is
shortterm liability.

Is This Answer Correct ?    1 Yes 0 No

is 'loan' categorized as billpayable?explain..

Answer / ca prem

Loan cannot be catogerised as Bill Payable , since interest
is calculated on day 1 of loan disbursal

Is This Answer Correct ?    1 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview

2 Answers   L&T,


Give me total Details of payroll calculation, payslip with examples.

1 Answers  


concepts of accounting

5 Answers   Genpact,


accrued income

12 Answers   Genpact,


who audit the audit firms?

1 Answers   PWC,


When we deposits FBT? How to calculate FBT?

1 Answers  


what is impairement?

3 Answers   Genpact,


what is the difference between a call option and a put option?

4 Answers  


What is account

1 Answers  


purchases for rs100. vat @ 10% and cash discount rs 5 what is the entry passed

5 Answers  


whether cash book is a subsidiary book?

12 Answers  


what is the sundry creditors for expenses ans with examples

18 Answers  


Categories