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what is Bills Receivables and Bills Payables?
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Answer Posted / mahavishnu
Bills Payable
Bills Payable > purchase > supplier > Sundry creditors
Your purchase by one material your must paid to money by party that mean Bills payable.
Bills Receivable
Bills receivable > sales > customer > sundry debtors
Your sales to One material your must Give to money by Customer that mean Bills Receivable
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