05 July 2011
Dear Sir, Now-a-days when iam attending intervies iam frequently hearing questions like difference between bills receivable and accounts receivable bills payable and accounts payable can i get any help along with the assistance? please sir
06 July 2011
BILLS RECEIVABLE INCLUDES ONLY ALL NEGOTIABLE INSTRUMENTS RECEIVED FROM THIRD PARTY BUT ACCOUNT RECEIVABLE INCLUDES DEBTORS AS WELL AS NEGOTIABLE INSTRUMENTS RECEIVED.........SAME AS BILLS PAYABLE INCLUDES ONLY ALL NEGOTIABLE ACCEPTANCE GIVEN TO THIRD PARTY BUT ACCOUNTS PAYABLE INCLUDES ALL NEGOTIABLE INSTRUMENTS ACCEPTED AND CREDITORS.
CAclubindia
