difference between account payable and bills payable



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

How create the invoices?

0 Answers   Infomatics Software Solutions,


how to calculate working capital?

6 Answers  


Q): Intangible assets(Goodwill,patents,copyright etc) how we amortise it.. this intangilble assets value can increase so till life time we should amortise these assets please guys explain me this structure?

1 Answers  


salaries due for the month of march will be recorded in

5 Answers  


Bank account comes under Real or Personal ?

1 Answers  






What are the disadvantages of manual accounting?

0 Answers  


What is ppe in accounting?

0 Answers  


what is abnormal loss???

3 Answers  


How many types of voucher?

14 Answers   Build Asia, Punjab National Bank,


how does calculated retain earnings?

2 Answers  


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

0 Answers  


what is the difference between pay order and demand draft?

2 Answers  


Categories