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alok singh

alok singh (Querist)
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25 January 2011 difference between accounts payable and bills payable

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 January 2011 Accounts payable refer to the current liability of a business or an organization. That is the unsettled payments in a business or an organization refers to Accounts payable. Bills payable refers to bills settled. In other words the paid and accepted recorded bills in a business or an organization refers to bills payable

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