Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is bills payable and bills receivable?

Answer Posted / meenakshi

Bills receivable is also called B/R.When we purchase
material etc from a party the a bill is created by the party
(called vendor) which is called bills receivable for the
vendor and bills payable for us.

Is This Answer Correct ?    3 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

correction of sundry creotors

2659


Define "book value" as applied to accounting

1077


how to create salary and pf statement in excel sheet?

2091


In which account does the unpresented cheque will get recorded?

1138


Do you know marginal cost?

1065


What is the purpose of a balance sheet?

1337


What is the general classification of accounts that usually ledger account involve?

1104


how to prepare for accontant examinations

2098


How do I charge bank charges on payments to clients

2069


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

2342


Mention what is bank reconciliation?

1198


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

2118


what are the different types of expenditures considered for the purpose of accounting?

1070


Why does the accounting equation have to balance?

1032


how to account branches in tally

2436