Answer / mahavishnu

Bills Payable
Bills Payable > purchase > supplier > Sundry creditors
Your purchase by one material your must paid to money by party that mean Bills payable.

Bills Receivable
Bills receivable > sales > customer > sundry debtors
Your sales to One material your must Give to money by Customer that mean Bills Receivable

Answer / gaurav

BILLS RECEIVABLE
Bills Receivable means when the goods and services sales to
the customer called sundry debtor.

BILLS PAYABLE
Bills Payable means when the purchase or goods and services
or received from the party called sundry creditor.

Answer / john

bill payable means paying the bill of electricity, etc it is credit purchase,


bills receivable means receving cash from the customer

Answer / a. shaik alaudeen

Bills receivables due to received some items purchased
denoted that the creditors

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