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what is Bills Receivables and Bills Payables?
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Answer Posted / sujata
Bills Recivable: when we sold goods then customer is not in
positions to pay that bill then will prepare one document
signed by him stating so n so amount will receive in future
date .
Bills payable : when we bought goods from our supplier, we
have to make payt at that time will write a note i.e.,
Bills payable dualy signed and payable in future.
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