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what is Bills Receivables and Bills Payables?

Answer Posted / pedireddi sivarama kumar

B/P: AN AMOUNT WHICH A COMPANY OWES TO VENDOR FOR
PRODUCT AND SERVISES PURCHASED ON CREDIT.

B/R: MONEY WHICH A VENDOR OWES TO COMAPNY FOR PRODUCT AND
SERVISES PURCHASED ON CREDIT.

Is This Answer Correct ?    4 Yes 5 No



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