Short Answer Questions · Q12
Q.Give the proforma of a Bills Payable Book.
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Start your 14-day free trial to unlock the full solution →The Bills Payable Book lists every bill accepted, with its payee, term, due date and amount.
The Bills Payable Book is a subsidiary book that records the details of all bills of exchange and promissory notes accepted by the business. Its total is periodically posted to the credit of the Bills Payable Account, and each drawer's account is debited. A typical proforma is:
| Date of acceptance | To whom given | Payee | Date of bill | Term | Due date | Amount (₹) | Remarks |
|:---|:---|:---|:---|:---|:---|---:|:---| …
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