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what is the meaning of bills payable and bills receivables?
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Answer / appu
Bills receivable is the amount received from debtor
Bills payable is the amount given to debtors
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Answer / dauda ridwan
A bill receivable is a document showing that a debtor will pay in a future time
A bill payable is a document showing that the organisation will pay to its creditor in the future time
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Answer / dayanand
bills Receivable means Bills drawn by the treder and duly accepted by his debtor are called receivable bills payable means bills drawnby the creditor and accepted by the trederin settlement of accounts are called Bills payables
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