hi can anyone tell me the difference between receivables and debtors . its from the chapter ratios
Menu
difference btw receivables n debtors
Replies (2)
Receivables Includes Bills or B/R generated against debtors + Debtors.
Debtors includes only those parties from whom money is to be received and excludes Bills or B/R generated against debtors.
Receivables can be interpreted in two ways
1. Bills receivables
2. Accounts receivables
Bills receivables - when debtors accepts promissory notes or bill of exchange , debtors turns to bills receivables
Accounts receivables - bills receivables + debtors
Recent Topics :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
