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tell me bill payable head and entry in tally
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Answer Posted / goutam banik
Bill Payable came under the of Sundry Creditors.
Journal Entry:
1. When purchase the goods -
Inventory/purchase A/c............Dr.
To, Bill Payable/Suppliers A/c.
2. When Make the payment -
Bills Payable/Suppliers A/c........Dr.
To, Cash/Bank A/c
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