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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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