1
Question
Bill payable is drawn by __________.
Bill payable is drawn by __________.
Open in App
Solution
The correct option is A creditor
A bill payable is a document which shows the amount owed for goods or services received on credit. Examples of bill payable include a monthly telephone bill, electricity bill, a bill for repairs or maintenance, the bill for merchandise purchased by a retailer on credit, etc. For the person who accepts the bill it is a bills payable. Bills payable is drawn by the debtor..
A bill payable is a document which shows the amount owed for goods or services received on credit. Examples of bill payable include a monthly telephone bill, electricity bill, a bill for repairs or maintenance, the bill for merchandise purchased by a retailer on credit, etc. For the person who accepts the bill it is a bills payable. Bills payable is drawn by the debtor..
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
