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Accounts Payable
What is the difference between (1) accounts payable and bills payable and (2) accounts receivable and bills receivable


  
Total Answers and Comments: 1 Last Update: May 14, 2009     Asked by: rejsuj 
  
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May 14, 2009 13:58:28   #1  
kashiffakih Member Since: May 2009   Contribution: 1    

RE: Accounts Payable
Accouts payable is your liability its shown liability side in the balance sheet and party ac will be credited
Purchsed A/c
To Party A/c

 
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