When we sell our products on credit base.. It is liability for the company to pay on an agreed time
What Does "Bill Payable" Mean?
Bills payable means payable against the purchase of goods/service recieved from the party,,,...so called sundry creditors.
It is the transaction between the debtor and creditor, it is payable by the creditors to the debtors .and it is a liability of the company.
Bills payable means payable against the purchase of goods/service recieved from the party,,,...so called sundry creditors.
This means you must pay your bill.. p.s. I hope you're not English?!