Bills Payable in Balance Sheet

Bills payable are liabilities due under bills of exchange accepted by a business. The term is sometimes more generally used to refer to accounts payable.

Bills Payable in Balance Sheet April 3rd, 2017Team
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Bills of Exchange in Accounting

Bills of exchange can be used when credit terms are offered by a business to a customer. The bill is a transferable document which when accepted, indicates agreement by the buyer that the amount of the bill is payable on a particular date.

Bills of Exchange in Accounting April 3rd, 2017Team
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