What is the nature of Bills Receivable account, I mean is
it a real account or personal a/c?

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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