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what is Bills Receivables and Bills Payables?
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Answer Posted / dr. mohammed muslim
B/R is a current assets created by offering credit sales to
customers on thier promise to recieve money from them on
any agreed future date (usually not more than one year).
B/P is a current liability created by credit purchase on
promise to pay on any future date not usually more than one
year.
| Is This Answer Correct ? | 62 Yes | 11 No |
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