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what is the meaning of bills payable and bills receivables?
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Answer Posted / anjali
from org. point of view
bill payable is a liability of company toward creditor from
whom it has purchase something.
bill receivable is an asset of company. it shows our debtor
liability to us.
bill payable is just like creditor and bill receivable is
like debtor.
| Is This Answer Correct ? | 73 Yes | 14 No |
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