WHAT IS THE DIFFERENCE BETWEEN BILLS RECIEVABLES AND ACCOUNTS RECIEVABLES?
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Bills receivable are negotiable instruments. They are standardised instrument in paper format. As against Acounts Receivables is a wider term which includes debtors, loans & advances etc.. Accounts receivables can be securitised with the factors while bills receivable are discounted with the bankers.
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Regards
accounts receivables include all your current assets while bill receivable is a negotiable instrument as mentioned by Mubeen...!
with regards
punit
| Originally posted by :Mubeen | ||
| " | Bills receivable are negotiable instruments. They are standardised instrument in paper format. As against Acounts Receivables is a wider term which includes debtors, loans & advances etc.. Accounts receivables can be securitised with the factors while bills receivable are discounted with the bankers. |
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