Bills Payable


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Bills Payable

1. Debt that a bank must pay to another bank, often but not always the central bank of the country in which it operates.

2. More generally, any bill of exchange, trade acceptance or similar obligation a company must pay on or by a certain date. See also: Accounts payable.
References in periodicals archive ?
The account balances tested for these companies were property, plant, and equipment; investments; bills receivable; accounts receivable; supplies and materials; cash; common stock; preferred stock; bonded debt; notes payable; accrued liabilities; bills payable; accounts payable; current liabilities; reserves; surplus; and total assets.
Similar to unregulated companies, the digit 4 was more common than expected in bills payable. This result was also found in the chi-square statistic for the digits 4 and 9.
(6) In Japan, the settlement amount for accounts and bills payable usually remains fixed until the due date, in which case the advantages of utilizing trade credit may increase.
The consolidated total liabilities, likewise ,increased to P1.24 trillion from P921.93 billion as funds sourced from total deposit liabilities and bills payable and securities sold under repurchase agreements increased by P277.57 billion and P30.10 billion, respectively.
Interest expense on deposit liabilities declined by P1.38 billion or 18.04 percent as high- cost deposits dropped by 12.4 percent, curbing the impact of an increase in interest expense on bills payable and other borrowings.
The Department of Energy (DoE) has already started probing the P471-billion debt recovery bid of the Power Sector Assets and Liabilities Management Corporation (PSALM) which translates to passing on to all electricity consumers its debt via the universal charge component in the power bills payable in 17 years.
Final tax rates are expected to be set by the Cityh Council within the next few weeks for tax bills payable July 1st.
The turnover days of trade and bills payables as at 30 June 2019 were 155.0 days, down approximately 9.0 days from approximately 164.0 days as at 30 June 2018, mainly due to the shortened payment cycle to the suppliers in return for the best delivery time to meet the high demand for the Group's production.