Explain me bills receivable?



Explain me bills receivable?..

Answer / Ranjeet Ranjan Bharti

Bills receivable, also known as accounts receivable, are amounts owed by customers for goods or services that have been sold but not yet paid for. They represent the company's claim on cash or other assets that are expected to be received from customers in the future.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

IFRS and its applicability in India

2 Answers   CA,


how do we pass the Entry for Depreciation?

6 Answers  


Features of Fixed Capital

1 Answers   ABC,


WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE

4 Answers  


Key difference between indian accounting standards and international accounting standards is.

1 Answers  


What GP resew of balance sheet taking.

1 Answers  


What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

1 Answers  


what is meaning off PLA IN EXCISE PART.

1 Answers  


Scope and nature of Accounting

1 Answers  


What do you mean by material facts in accounting?

1 Answers  


pass journal entry for Prepaid insurance

1 Answers  


what is ledger balance

3 Answers  


Categories