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what is meant by bills payable?

Question Posted / r.jayachitra

Answers were Sorted based on User's Feedback



what is meant by bills payable?..

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

what is meant by bills payable?..

Answer / sk

The amounts owe to our creditors.

Is This Answer Correct ?    9 Yes 2 No

what is meant by bills payable?..

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

what is meant by bills payable?..

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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