Query
This query is : Resolved
Arvind Tiwari
(Querist)
25 October 2013
what is basic difference between Bill Receivable & sundry debtors
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)
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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