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what is Bills Receivables and Bills Payables?
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Answer Posted / satheesh sivarajan
Generally peoples telling it as sundry debtors & sundry
creditors.
Bills Receivable - This is the amount which has promised to
recieve with the customer in the event of goods sold or
any services rendered.
Bills Payable means the amount payable for the cost of
goods purchased or services received.
| Is This Answer Correct ? | 92 Yes | 28 No |
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