bills receivables shows which balance

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bills receivables shows which balance..

Answer / venki

debit balances

Is This Answer Correct ?    44 Yes 0 No

bills receivables shows which balance..

Answer / ravichandra

bills receivables a/c is always show debit balance.

Is This Answer Correct ?    19 Yes 0 No

bills receivables shows which balance..

Answer / iftekar

Debit Balance and in B/S Asset side

Is This Answer Correct ?    13 Yes 0 No

bills receivables shows which balance..

Answer / hemanth.n.s

debit balance. It is an extension of sundry debtors called
as bills receivable for which the concerned parties being
accepted the bills offered by the company

Is This Answer Correct ?    12 Yes 0 No

bills receivables shows which balance..

Answer / lakshmi.s

Bills receivable is terminology that is used between a
debtor and creditor. This is accounting terminology. An
example of Bill Receivable has been illustrated for your
benefit:

Mr. X owes Mr. Y $100. He owes this money because M.r Y has
sold furniture to Mr.X but X has not yet paid Y. He has
promised to pay Y after 6 months. Y will then issue a note
to X called a Bill of Exchange. This bill will state that X
owes Y a specific some of money because he has received
furniture from Y. It will also specify the date on which
the payment will be made by X. This bill of exchange will
be printed on Government approved stamp paper only.

In the double entry system of accounting, this bill will be
called Bills Receivable in Y's books and Bills Payable in
X's books.

Is This Answer Correct ?    8 Yes 1 No

bills receivables shows which balance..

Answer / jitendra

B/R shows debit balance,it arises because of credit sales

Is This Answer Correct ?    4 Yes 0 No

bills receivables shows which balance..

Answer / satyaki_raju@yahoo.com

blind answer is whatever the receivables it always shows
debi balance

Is This Answer Correct ?    3 Yes 0 No

bills receivables shows which balance..

Answer / venugopal reddy

All incomes and assets show Dr balance.

Is This Answer Correct ?    2 Yes 0 No

bills receivables shows which balance..

Answer / sathyanna

bills receivables means company have to collect debts
from sundry debitors so always bills receivables
reflect Debit balances

Is This Answer Correct ?    1 Yes 0 No

bills receivables shows which balance..

Answer / kittu

debit balance

Is This Answer Correct ?    0 Yes 0 No

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