Accountancy, asked by np0002, 10 months ago

Bill payable is which type of account -
real nominal personal​

Answers

Answered by Yamraaj
1

Answer:

nominal

nominal

nominal

Answered by vaidehisandipthanki
2

Answer:

You can take it as either Personal/Nominal account

Explanation:

Because see,

- Bills payable is "LIABILITY" as well as "EXPENSE (Future)" for a business.

Thus, you may take it as any of these.

- Also, if you apply  

     (i) Personal A/c rule = 'Debit the receiver and Credit he giver', It will be DEBITED !!!

     (ii) Nominal A/c rule = 'Debit all expenses and losses and Credit all incomes and gains', It will be DEBITED here as well !!!

  Thus, it's both ways alright

Hope you found it helpful!

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