Answered Questions

  • What is Internal Audit?

    Satish Kannan.M

    • Sep 29th, 2016

    Systematic, independent and documented process for evaluating the system /process / product

    Manish Agarwal

    • Jul 1st, 2016

    Internal audit is an independent appraisal activity to evaluate internal control of an entity and improve the overall governance (management) of an entity.
    Its objective to determine Whether internal control are properly designed and implemented.

  • what is bills receivable?

    mohdazam

    • Feb 24th, 2007

    BIILS RECEIVABLE IS AN CURRENT ASSET TO THE BUSINESS, WHEN V SELL TO ANY CUSTOMER IF HE CANT PAY THE AMT V GIVE HIM A DOCUMENT ASKING HIM TO PAYING WITHIN A SPECIIFIED  TIME.EXAMPLE : MR.X SOLD G...

    shailendra kumar

    • Dec 28th, 2006

    BILLS RECEIVABLE, in merchant accounts, are all promissory notes, bills of exchange, bonds, and other evidences or securities which a merchant or trader holds, and which are payable to him.