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(Querist)
25 October 2013 what is basic difference between Bill Receivable & sundry debtors
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 October 2013 sundry debtors refer to the billed amount to the buyers. Wherein you raise a bill of exchange against a debtor such debtor becomes bill receivable.

Debtor Dr
To sales

This transaction gives rise to debtors

Bill Receivable Dr
to debtor
(results in conversion of debtor into a bill receivable)
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