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 / buddhpal

Bills is also payable and receivable. because bills when
we purchase any thing, and receive also when we sell some
goos to other party. so both are right.

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the purpose of financial statements?

1105


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1821


what is contribution? how does it help in taking managerial decisions?

2016


How to Automate requirment mapping in QC?

2025


purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

5124


Tell me what does the investment of personal assets by the owner will do?

1141


What steps would you take before approving an invoice for payment?

1100


What is invoice processing can u explain it?

2970


Why does the accounting equation have to balance?

1081


Explain what does the standard journal entry includes?

1076


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

4407


salary payable deduct tds entry

1653


in Tally what is cost cenre,cost categori and why we need to prepare them

2137


How does Cheques work while processing it in SAP? What are the effects and the methods.

2260


what is capital reserve

2061