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what is bills receviables?
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Answer / guest
it means bill of exchange or sundry debitor recived from
the trader.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / nayeem islaahi
A bill in respect of which a party has to receive money is
called bills receivable.
Journal entry for B/R is:
Bills receivable A/c dr. ****
To Acceptors A/c ****
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ashish
it means that what we have to receive from Sundry debtors
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sunilkumarsuresh
Bills Recievable a/c Indicates the Invoices Due for Payment
but not Recieved.Bills Recievables are Current assets of
the firm .
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ramakram
Bills receiveable is the amount which we have to receive for
the services made by us at a later date and it is shown in
the current asset.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / syed adnan
written promise received from the other traders for selling
the goods are known as bills receivable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / yedukondalu
in every bussiness there is a chance to sell the product or
to provide the service on credit this credit amount will
get in fuature these are nothing but bills receivable.
hear in this concept we have two parties
one bill writer (business or organation.
two Acceptors.
bills receviables are the current assect for the company.
entry:
Bills receivable A/c dr. 000
To Acceptors A/c 000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijay
It is one of the accounting transactions dealing with the
billing of a customer for goods & services received by the
customer
| Is This Answer Correct ? | 0 Yes | 0 No |
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Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
Audit 
