Answer Posted / akshay dhondu more
1. Bill Receivable:-A written evidence of debt that is
payable to the holder; a promissory note or an acceptance
(a bill of exchange that has been accepted) is in the hands
of a person to whom it is payable a bill receivable. A bill
receivable that is included under the head commercial paper
is a promissory note that has been received for goods sold
and that has in order to effect its discount (sale) been
indorsed by the party who received it.
2. Bill Payable:-Bill's paybles meens is before purchasing
the bills it is not pay the money is sundry creditors when
is pay the money that time is bill's payble credit new entry
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