What is the Difference Between
(A/c Payable / Receivable ) AND ( Bills payable /
Receivable )................?
Answer Posted / h.r. sreepada bhagi
Accounts Payable - Amounts payable to the
Suppliers/Vendors/Creditors. The accounting group can also
be called as Sundry Creditors. This is Current Liability.
Accounts Receivable - Amounts receivable from the
Customers/Debtors. The accounting group can also be called
as Sundry Debtors. This is Current Asset.
Bills Payable - Bills of Exchange drawn by
Creditors/Suppliers on the company and is a Current Liability.
Bills Receivable - Bills of Exchange drawn by a company on
its Customers/Debtors and is a Current Asset.
Is This Answer Correct ? | 34 Yes | 6 No |
Post New Answer View All Answers
How can do it TDS in accounts?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Under the accrual basis of accounting, when revenues are reported in the accounting period?
In accounting, how do you define the premises?
How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet
Compare financial accounting and cost accounting.
What is accrual accounting?
Do you think accounting standards are mandatory and why?
What Is Responsibility Accounting?
How to prepare finalization accounts?
what are the voucher entries in tally for medical insurance
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
What is the master account?
Accounting for vc money in financials
What is accounting normalization?