WHAT IS THE DIFFERENCE BETWEEN BILLS RECIEVABLES AND ACCOUNTS RECIEVABLES?
3 Replies
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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