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bills payable

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(Querist)
11 June 2011 what is the difference between bills receivables bills payable and accounts payable
bad debts are shown on which side in party account
sundry creditors show which balance?

please help
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CA Rudresh SR

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CA Rudresh SR (Expert)
13 June 2011 Bills Receivable = Sundry Debtors
Bills Paya ble = Sundry Creditors

Sundry Debtors - Debit balance
Sundry Creditors - Credit balance

Bad debts = Credit the party Account
Bad Debts A/C ...... Rs.
To party A/C ........ Rs.
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