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what is Bills Receivables and Bills Payables?
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Answer Posted / neeraja naidu.m
Bills receivables means:We have provided services or goods for customers on that period we have not take any cash or chque,we have to receive in future its calles bills receivables.(credit sales).
Bills payables means: we have received goods for the suppliers on that time we have not pay any amount,we have to pay in future its called bills payables..(credit purchases)
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