Accountancy, asked by ayushvrm1, 1 year ago

what is meanings of bills payable and bills recievable...

Answers

Answered by Anonymous

hi...................

The bills of exchange that a company will receive payment for in the future, and the part of the company's accounts that shows these bills. Bills receivable form part of a company's assets.

Answered by apoorva36

bills payable means we will record creditors name and record how much to pay them
bills receivable means we record debtors name and record how much amount he has to pay us

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