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what is the bills payble and bills receivable
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Answer / azhar
BILLS PAYABLE IS THE BILLS WHICH HAS TO PAID OR DUE. BILLS
RECEVABLE IS THE BILLS TO BE RECEVABLE
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / anubha garg
A written evidence of debt that is payable to the holder; a
promissory note or an acceptance (a bill of exchange that
has been accepted) is in the hands of a person to whom it
is payable a bill receivable. A bill receivable that is
included under the head commercial paper is a promissory
note that has been received for goods sold and that has in
order to effect its discount (sale) been indorsed by the
party who received it.
| Is This Answer Correct ? | 3 Yes | 0 No |
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