Bills payable book is a ____________.

subsidiary book

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principal book

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ledger

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memorandum book

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Solution

The correct option is A subsidiary book
There are various subsidiary books which are used to record the specific transaction pertaining to the specific activity.
Credit sales are recorded in sales book while bills payable are recorded in bills payable book which is a subsidiary book.

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Similar questions

Give the performa of a Bills Payable Book.

How does a cash book serve a dual purpose?

Cash book is both a subsidiary book and principal book.

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