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What is the nature of Bills Receivable account, I mean is
it a real account or personal a/c?
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Answer Posted / ajay kumar srivastava
B/R is personal account until it is
encashed because it has no real value
until encashed.B/P is also a personal
acccount until it is paid because all the
liabilities are personal account.
| Is This Answer Correct ? | 5 Yes | 8 No |
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