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billa payable

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(Querist)
28 July 2008




What is the meaning of bills payable & bills receivable?
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Rushikesh

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Rushikesh (Expert)
28 July 2008 Bills Payables are the Bills we are to pay i.e. they are our Creditors, which are outstanding yet
Bills Receivable are the amounts we are to receive, which are outstanding yet i.e. they are our debtors.

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