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What is the diff between Bills Payable & Post Dated Cheques? How do you pass Journal Entry? Where it is reflected in Financial Statements?

Accounts Payable Journal Entries
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Question added by Mohammed Wajid Ali Shaikh , Manager Finance & Procurement , Qotoof Contracting
Date Posted: 2014/04/01
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Mohammed Noor Panwale
by Mohammed Noor Panwale , Payroll & Cashier , Al Suroor United Group

BILLS PAYABLE ARE THOSE BILLS WHICH HAVE TO BE PAID EG.,DEBTORS

POST DATED CHEQUES ARE THOSE CHEQUES WRITTEN ON FUTURE DATES

 

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