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GeekInterview.com > Interview Questions > Accounting > Accounts Payable
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Question: Difference between account payable and bills payable
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| June 06, 2008 08:24:13 |
#1 |
| pankaj040 |
Member Since: June 2008 Total Comments: 1 |
RE: Difference between account payable and bills payable
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| 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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