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what is bill payable?

Answers were Sorted based on User's Feedback



what is bill payable?..

Answer / raju

Bills payable which is due from us to other party payable
for his services.. For ex; Telephone bills payable within
due date is known as BP.

Is This Answer Correct ?    7 Yes 1 No

what is bill payable?..

Answer / ismail

recording of bills raised by the suppliers is called bills
payable/accounts payable

Is This Answer Correct ?    1 Yes 0 No

what is bill payable?..

Answer / yogendra.c

It is a guarantee that the business gives to the vendors or suppliers for the payment on a specified date to a specified person or order.

In other way you can take it as authorization letter for a creditor.

Is This Answer Correct ?    0 Yes 0 No

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