BonnieCurious In: 1. Financial Accounting > Subsidiary Books Can you show bills payable book format? Can you show bills payable book format? Share Facebook You must login to add an answer. Username or email* Password* Captcha* Remember Me! Forgot Password? Need An Account, Sign Up Here 1 Answer Voted Recent GautamSaxena Curious . 2022-07-19T17:52:51+00:00Added an answer on July 19, 2022 at 5:52 pm This answer was edited. Bills Payable Book Bills payable book, also known as a B/P book is a subsidiary or secondary book of account in which transactions relating to bills of exchange are recorded. It includes the recording of bills that are payable by a business. In a business where the number of bills exchanging hands is large in number, it is very useful, as it is tough to journalize all the bills drawn. A bills payable account generally has a credit balance as it is supposed to be paid at maturity and be a liability. Format for B/P book The person, who draws the bill of exchange, is called a “drawer”. The customer, on whom it is drawn, is called a “drawee” or an “acceptor”. Bills Payable A/c 0 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Related Questions What are some examples of deferred revenue expenses? Are brands intangible assets? What comes in debit side of Realisation account? What is recorded in the Realisation account? What is not included in Realisation account? What is recorded on the credit side of a Realisation account? Can accounts payable have a debit balance?