what is different between accouts receivable and billing?



what is different between accouts receivable and billing?..

Answer / r.chandrasekaran

Billing is related to a sale. If a bill is raised towards a credit sale on a party. Then the party will become the debtor, whose account comes under receivables in the books of accounts. But account receivable may also includes the parties of debtors other than debtors on trade.

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