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what is bills receviables?


Answers were Sorted based on User's Feedback



what is bills receviables? ..

Answer / guest

it means bill of exchange or sundry debitor recived from
the trader.

Is This Answer Correct ?    5 Yes 0 No

what is bills receviables? ..

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

what is bills receviables? ..

Answer / ashish

it means that what we have to receive from Sundry debtors

Is This Answer Correct ?    2 Yes 0 No

what is bills receviables? ..

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

what is bills receviables? ..

Answer / shirish

If a someone owned some amount from someone its called
bills receviable

Is This Answer Correct ?    1 Yes 0 No

what is bills receviables? ..

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

what is bills receviables? ..

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

what is bills receviables? ..

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

what is bills receviables? ..

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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