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what is the bills payble and bills receivable

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what is the bills payble and bills receivable..

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

what is the bills payble and bills receivable..

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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