Interested to Buy Any Domain ? << Click Here >> for more details...
what is Bills Receivables and Bills Payables?
- 44 Answers
- 400613 Views
- Accenture, Banking, College School Exams Tests, Excel, Finance, Ford, Genpact, HCL, HR Capital Services, IBM, ICICI, MNC, Wipro, I also Faced
- E-Mail Answers
Answer Posted / shanker
what is Bills Receivables and Bills Payables?
Ans:- Bills Receivables is a written promise document
received from the suppliar for selling goods. Its a assets
for the company and appears in the balance sheet under
Current assets.
Bills payable:- Bills payable is a written promise document
payable to the suppliar for buying goods. Its a liability
for the company and appears in the balance sheet under
Current liability.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
What is miscellaneous expense and when it is used
how we will prepare n file income tax returns for individuals?explain
Short Answer on _____________Whole Sale Trade
EXPAND___________IMA
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
plz send me a solved paper on SBI of clerk post
What is the journal entry for Call and a Put option both in the books of buyer and seller
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
Comments Elements in accounting
Expand RMP
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Short Answer on _________Financial accounting
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
