Meaning of Bill and Hold
What is the meaning of Bill and Hold in Accounting? Briefly describe it.
Expert
Meaning of Bill and Hold in Accounting: As per accrual rule of revenue recognition, we add up new revenue in our total revenue whenever we send service or goods and are given but there are plenty of its exceptions. One of significant exception is bill and hold. When customer requires not his bought products at a time due to delay of its management, he demands to delay the delivery of such products. At that time company records, these sold products in his sales account. This means, such transaction will be recognize as revenue of company. Therefore, this transaction will become bill and hold in accounting. For safer side, company gets cash money from this kind of transaction that treated as normal cash sales transaction.
Money fund: Money fund is as well main instrument of the money market. This fund that can be employed for fulfilling the requirements of banks to repay the customers.
Explain the world beta concept of a security.
Explain the Sharpe performance measure concept.
Explain the term Responsibility Accounting and types of responsibility centres with example?
Describe the term Operating Expenses in business accountancy?
How to do income statement = from the revenues we will deduct all the expenses related to that period to get the income or loss. When the revenues are more than the expenses then it is income and when the expenses are more than the revenues then it is
What type of Account is Salary outstanding? What do you think, it is real or personnel or the nominal account?
How theory of the comparative advantage relates to the currency swap market?
How to handle the Credit Claims?
What do you mean by the term Analysis of cash flow statement?
18,76,764
1957688 Asked
3,689
Active Tutors
1453800
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!