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what is the meaning of bills payable and bills receivables?
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Answer Posted / peter abubakari
bills payable is an obligation of a firm/organization to
make good at a later date.i.e amount owing by an
organization to outsiders which should be settled in a
future date.
bills receivable is an amount due to an organization owing
by outsiders which should be made good in a future date.
| Is This Answer Correct ? | 49 Yes | 22 No |
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