WHAT IS THE DIFFERENCE BETWEEN BILLS RECIEVABLES AND ACCOUNTS RECIEVABLES?
Menu
Query
Replies (3)
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.
Hope answered the question.
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. |
" |
Recent Threads
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
Related Threads
CAclubindia
