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what do you mean by Account receivables
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Answer Posted / simran
Account receivable simply means bill receivable
When a company purchase good or services from another company
then the seller ask the purchaser to accept the bill.
and the bill accepted by purchaser is known as bill
receivable.
| Is This Answer Correct ? | 1 Yes | 5 No |
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Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
A----------involves transfer of money or moneys worth from one person to another
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