Interested to Buy Any Domain ? << Click Here >> for more details...
what is Bills Receivables and Bills Payables?
- 44 Answers
- 398972 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 / raj
BILLS RECEIVABLES AND BILLS PAYABLE IS ALSO KNWON AS
ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE. BILLS RECEIVABLE
AND BILLS PAYABLE COMES UNDER THE BILLS OF EXCHANGE. SEC 5
OF THE NEGOTIABLE INSTRUMENTS ACT DEFINES BILLS OF EXCHANGE
AS A BILL OF EXCHANGE IS AN INSTRUMENT DULY SIGNED BY THE
DRAWER, INDICATING THE DRAWEE TO PAY THE SAID AMOUNT ONLY
TO, OR BEAR OF INSTRUMENT.
| Is This Answer Correct ? | 94 Yes | 41 No |
Post New Answer View All Answers
What is the working formula for Inventory turnover
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
what are Blue-Chip companies?
Can i make invoice when my client apply for TIN Number ?
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
What is meant by consignment
distinguish between Bill of Exchange and Promissory Note
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
EXPAND___________NAC
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
Define capital
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
What is meant by Nostro Reconciliation
