WHAT IS THE DIFFERENCE BETWEEN BILLS RECIEVABLES AND ACCOUNTS RECIEVABLES?
CA. MOBIN SAYYED
(Sr. Team Leader)
(114 Points)
Replied 05 December 2009
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
Punit Tibrewal
(student )
(1684 Points)
Replied 05 December 2009
accounts receivables include all your current assets while bill receivable is a negotiable instrument as mentioned by Mubeen...!
with regards
punit
Ansari
(ca final)
(444 Points)
Replied 05 December 2009
| 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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