difference between account payable and bills payable

Question Posted / guest

1 Answers
4244 Views
I also Faced
E-Mail Answers

difference between account payable and bills payable..

Answer / gyanendra saxena

Account payable means which outstanding of creditors in the
books of accounts and have also Invoice Booked in the
account.

Bill Payable means expenses (payable) incurred but Bill not
booked in the books.

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More Accounting General Interview Questions

what is the difference between 'quotation' and 'proforma invoice'?

2 Answers

who is payee?

2 Answers

What is partnership accounting?

0 Answers

i have 1 year gap after completing my graduation what should i say in interview?

4 Answers Genpact,

Premium collected by Insurance co. What will be all Journal entries & effect in the book of Insurance co in Transaction date & Period end date.

1 Answers

What is cash flow and fund flow?

0 Answers

Explain the Steps to Define Invoice Batches

0 Answers Accenture,

My company has taken a car Full payment car cheq throw after loan from ICICI Bank, Assume . Plz pass the entry umesh

3 Answers

what is nifty

6 Answers Capital IQ,

WHAT IS THE DIFFERENCE BETWEEN THE BENEFITS OF DIRECT EXPENSE AND INDIRECT EXPENSE

1 Answers

What is Capital Commitments means?

0 Answers JK Associates,

Explain the process of withhold tax invoice

0 Answers Accenture,

For more Accounting General Interview Questions Click Here