Payable example sentences

None of the receivable income and payable expense is to be entered in this account as they do not involve inflow or outflow of cash.It may be noted that all assets expenses and receivables account shall have debit balances whereas all liabilities, revenues and payables accounts shall have credit balances.These debentures are repayable on the on winding-up of a company or on the expiry of a long period.Bills receivables are assets and Bills payable are liabilities.Creditors turnover ratio indicates the pattern of payment of accounts payable.The rate of interest payable on debentures is always mentioned with the debentrures, and paid half yearly on September 30 and March 31 (or June 30 and December 31)., and interest payable is calculated at the nominal value of debentures.However, according to the Reserve Bank of India Act, a promissory note payable to bearer is illegal.These debentures are repayable on the on winding-up of a company or on the expiry of a long period.It contains a contract for repayment of principal after a specified period or at intervals or at the option of the company and for payment of interest at a fixed rate payable usually either half-yearly or yearly on fixed dates., and interest payable is calculated at the nominal value of debentures.An important point in connection with bill receivables and bills payable books is that they only record the transactions relating to drawing and acceptance of bills, all other transactions do not record the entire range of transactions relating to the bills, e.g. relating to bills discounted, endorsement, retirement, renewal etc.According to Income Tax Act 1961, a company must deduct income tax at a prescribed rate from the interest payable on debentures if it exceeds the prescribed limit.It contains a contract for repayment of principal after a specified period or at intervals or at the option of the company and for payment of interest at a fixed rate payable usually either half-yearly or yearly on fixed dates.Redeemable debentures are those which are payable on the expiry of the specific period either in lump sum or in Instalments during the life time of the company.