Receiveable and payable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2014
Dear Sir,
I hope you are doing fine.
Please tell me what is the meaning of receiveable and payable? and requested to you please give me any format for the same.
Thanks & Regards
Mohammad Rahis
I hope you are doing fine.
Please tell me what is the meaning of receiveable and payable? and requested to you please give me any format for the same.
Thanks & Regards
Mohammad Rahis
Rupesh Jain
(Expert)
23 June 2014
receivable: parties or accounts from we receive the amount in cash/cheque or benefit to be received in future.
payable: parties or account to whom we pay the amount at present or in future.
debtors, prepaid exp : receivable
creditors, outstanding exp : payable
payable: parties or account to whom we pay the amount at present or in future.
debtors, prepaid exp : receivable
creditors, outstanding exp : payable
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