Answers were Sorted based on User's Feedback
Answer / venki
|Is This Answer Correct ?||44 Yes||0 No|
Answer / ravichandra
bills receivables a/c is always show debit balance.
|Is This Answer Correct ?||19 Yes||0 No|
Answer / iftekar
Debit Balance and in B/S Asset side
|Is This Answer Correct ?||13 Yes||0 No|
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|
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
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
|Is This Answer Correct ?||8 Yes||1 No|
Answer / jitendra
B/R shows debit balance,it arises because of credit sales
|Is This Answer Correct ?||4 Yes||0 No|
Answer / email@example.com
blind answer is whatever the receivables it always shows
|Is This Answer Correct ?||3 Yes||0 No|
Answer / venugopal reddy
All incomes and assets show Dr balance.
|Is This Answer Correct ?||2 Yes||0 No|
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|
Answer / kittu
|Is This Answer Correct ?||0 Yes||0 No|
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