what is bill payable?
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Answer / raju
Bills payable which is due from us to other party payable
for his services.. For ex; Telephone bills payable within
due date is known as BP.
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Answer / ismail
recording of bills raised by the suppliers is called bills
payable/accounts payable
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Answer / yogendra.c
It is a guarantee that the business gives to the vendors or suppliers for the payment on a specified date to a specified person or order.
In other way you can take it as authorization letter for a creditor.
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