Answered Questions

  • Apr 02 2007
    01:24 PM
    55283
    36

    what is difference between account payable and bills payable
    • Rajeshwari

    Naveen S

    • May 2nd, 2016

    AP is overall current liabilities of a co. It includes BP, rent due etc.,
    BP is a instrument which in written, accepted by purchasers, on credit purchase of goods or services.

    vikas Gupta

    • Nov 17th, 2015

    I think Bills payable means bills that are pending to be credited to party ledger & accounts payable means the bills already credited to party account & standing for payment to be released on a futuristic date.