Accounting MascotAccounting Q&A

What is bill receivable?
submitted by Jordan

Md.Shamsul Alam

Bills receivable means the bill against which money or equivalent will be received.

olusola michael

That means is it Bills Receivable and Accounts receivable are one and the same or it has different meanings to each other?

dibby

It is the services or things you receive without paying money.

Arnold

It is poor terminolgy. Bills are payable, sales are receivable.

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