waht i mean by bill's Paybles
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Answer / balaji
bill's paybles meens is before purchasing the bills it is
not pay the money is sundry creditors when is pay the money
that time is bill's payble credit new entry
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / devaraj tc
Bills Payable means received the commodities before paying
the amount & pending the amount payment to the owner
| Is This Answer Correct ? | 3 Yes | 1 No |
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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