what is the meaning of bills payable and bills receivables?
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Answer Posted / amit laddha
bills receivables is nothing but the amount receivable from
the customers for which the negotiable instrument in the
form of bill of exchange is received from the customer.
bills payable is nothing but the payable to the suppliers
for which the negotiable instrument in the form of bill of
exchange is given to the suppliers.
| Is This Answer Correct ? | 42 Yes | 16 No |
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