Accounts Receivable (AR) Question:

You have been asked to prepare a bill for services. What information should be included in the bill?


Service Provider's Details (i.e) Organations name and address.

Service Receiver's Details (i.e) Organations name and address.

Details of the service (i.e) for eg: Advertisement charges/Dying charges

Tax (i.e) Service Tax on total chargable amount and cess or sur-charge on service tax.

And if there is any Expenses or abatements incurred by the service receiver less all those things and calculate service Tax and the cess for the balance amount.

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To what extent were you involved in collections?What is the difference between finance and accounts? most of the companies having a different section like finance and accounts. why they are not had only single section neither finance nor accounts?