Answer Posted / yogendra.c
It is a guarantee that the business gives to the vendors or suppliers for the payment on a specified date to a specified person or order.
In other way you can take it as authorization letter for a creditor.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
how will decide that vender payment is ok without reco
Where a cash discount should be recorded in a journal entry?
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
What are the differences between accounting and auditing?
What have you read in the newspapers in the last few days that particularly interested you?
when dissoluction of firm why investment flchuationfund subtrect from book value
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Tell us how can you define departmental accounting?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
what is the enty for contract bill raised?
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
