Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of bills payable and bills receivables?
- 23 Answers
- 192007 Views
- Genpact, Mona Lisa, PP, Scope International, TATA, I also Faced
- E-Mail Answers
Answer Posted / venky
bills payable means, when the firm made credit purchases at
the time creditor write bill on the firm that amount , firm
and creditor both are accept. the is called bills payable.
bills receivable means like wish here firm write the bill
on debtor at that amount pay to this will pay in future
this is called bills receivables.
| Is This Answer Correct ? | 401 Yes | 116 No |
Post New Answer View All Answers
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
When we are raised a interstate invoice then which type invoice we are raised
What is re-financing in Letter of Credit settlement
in which group under we will open donation and hamali weekly payment account or ledger
Expand-----RTD
Expand-------ASRT
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
what are the different causes for discrepencybetween the balance of cash book and pass book
What is DECR And for wt it is used?
Short Answer on ________Adjusting Entries
Please share different type of Z report
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
What is meant by consignment
Distinguish value andPrice
