Answer / narasimha rao

BILLS PAYBLE IS THE FORMER DOCMENTS OR PROMISE MADE BY
THE TRADER PAY THE CERTAIN AMOUNT OF MONEY AT SPECIED
PERIOD OF TIME WHEN MADE THE CREDIT PURCHASE.

Answer / sk

The amounts owe to our creditors.

Answer / rajesh nalla

It means purchase made from the supplier on credit
basis.supplier draws a bill that is called bills payable.

three steps to genarate a bill
1.Taking purchase order
2.Deliavring goods (or) services
3.Genarating invoice

Answer / shalini

Trade obligations of a firm, such as a trade acceptance or
Banker's Acceptance payable at maturity.

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