bills payable
This query is : Resolved
lakshmiswetha
(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
bad debts are shown on which side in party account
sundry creditors show which balance?
please help
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.
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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