Question

Bills Payable book is to keep a record of ____________.

• A. Bills Payable to Creditors
• B. Bills Received From Supplier
• C. Credit Purchases
• D. Credit Sales

Answer 1

The correct option is A Bills Payable to Creditors

There are various subsidiary journals maintained to record various transactions. This includes sales day book, purchase day book, bills receivable book, bills payable book etc.

Bills payable book is a subsidiary book which is used to records all bills payable to creditors.