what is meant by bills payable?
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Answer / narasimha rao
BILLS PAYBLE IS THE FORMER DOCMENTS OR PROMISE MADE BY
THE TRADER PAY THE CERTAIN AMOUNT OF MONEY AT SPECIED
PERIOD OF TIME WHEN MADE THE CREDIT PURCHASE.
Is This Answer Correct ? | 9 Yes | 0 No |
Answer / rajesh nalla
It means purchase made from the supplier on credit
basis.supplier draws a bill that is called bills payable.
three steps to genarate a bill
1.Taking purchase order
2.Deliavring goods (or) services
3.Genarating invoice
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / shalini
Trade obligations of a firm, such as a trade acceptance or
Banker's Acceptance payable at maturity.
Is This Answer Correct ? | 2 Yes | 2 No |
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