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BILLS OWING

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Definitions

a total accumulation of statements and purchases plus overdrafts and current payments due on mortgages, hire purchase (time payments) and loans and bond or share retirement but not the gross amount of mortgages, hire purchase (time payments) or loans or bonds. Bills owing does not include any inter-org bills owing. Bills owing includes outstanding purchase orders against which purchase has been activated but for which no bill has been received yet. (BPL 1 Jul 72R)

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