Diff. between bills payable & sundry creditors
This query is : Resolved
20 November 2012
waht is the diff. between bills payable & sundry creditors ???
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23 November 2012
DEAR SIR ,
BILLS PAYABLE ARE THE BILLS OF EXCHANGE PAYABLE BY THE BUSINESS ENTITY FOR ANY OUTSTANDING AMOUNT RELATED TO ANY BUSINESS TRANSACTIONS ....
SUNDRY CREDITORS ARE THE PARTIES FROM WHOM THE BUSINESS ENTITY HAS RECEIVED ANY GOODS OR SERVICES OR ANY BENEFIT ON CREDIT .....
HOWEVER BOTH FALL UNDER THE GROUP OF CURRENT LIABILITIES .....
BILLS PAYABLE ARE THE BILLS OF EXCHANGE PAYABLE BY THE BUSINESS ENTITY FOR ANY OUTSTANDING AMOUNT RELATED TO ANY BUSINESS TRANSACTIONS ....
SUNDRY CREDITORS ARE THE PARTIES FROM WHOM THE BUSINESS ENTITY HAS RECEIVED ANY GOODS OR SERVICES OR ANY BENEFIT ON CREDIT .....
HOWEVER BOTH FALL UNDER THE GROUP OF CURRENT LIABILITIES .....
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