what is bills payable and bills receivable?
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Answer / guest
bills payable is our liability and bills receivables are
our assets. like sundry creditors or debtors.
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Answer / prathiba.p.v@gmail.com
A bill of exchange or a promissory note payable by the
business is known as bills payable. And a bill of exchange
or a promissory note receivable by the business is known as
bills receivable.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sreenatha reddy a
a bill Is Discounted in A Discount Agent for Some Discount at the Maturity or the Due Date The Bill is Payable at the Full Value Is Called bills Payable and for Bills Receivable It is Quite Opposite
| Is This Answer Correct ? | 9 Yes | 4 No |
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