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what is Bills Receivables and Bills Payables?
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Answer Posted / anil
Bills receivables is nothing but the amount receivable from
the customers for which the negotiable instrument in the
form of bill of exchange is received from the customer.
Recivable against sale of goods provided to the customer.
Bills Payable is nothing but the payable to the supplier
for which the nogotiable instrument in the form of bill of
exchage is given to supplier. payable against purchase
goods received from supplier.
| Is This Answer Correct ? | 9 Yes | 2 No |
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