Which of the following items relating to bills payable is transferred to total creditors account?
A. Opening balance of bills payable
B. Closing balance of bills payable
C. Bills payable accepted during the year
D. Cash paid for bills payable
Answer:C
Which of the following items relating to bills payable is transferred to total creditors account?
A. Opening balance of bills payable B. Closing balance of bills payable C. Bills payable accepted during the year D. Cash paid for bills payable