DOES WORD "RECIEVABLES" INCLUDE DEBTORS..?
19 Replies
CA Harish Suwalka
(Chartered Accountant ( Bhilwara ))
(4125 Points)
Replied 05 December 2009
Yest it includes
Lokesh
(CS professional)
(493 Points)
Replied 05 December 2009
Dear Richa when We talk about receivables then it means both debtors and Bills receivables.
but when u have to mention either of the above two then u are required to make it specific i.e debtors or bill receivables.
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 05 December 2009
| Originally posted by :Lokesh | ||
| " | Dear Richa when We talk about receivables then it means both debtors and Bills receivables. but when u have to mention either of the above two then u are required to make it specific i.e debtors or bill receivables. |
" |
varun sharma
( CA Final , M.Com)
(87 Points)
Replied 05 December 2009
yes definitely it includes Debtors........
Ansari
(ca final)
(444 Points)
Replied 05 December 2009
| Originally posted by :varun sharma | ||
| " | yes definitely it includes Debtors........ | " |
Mohd Javed Khan
(CA FINAL)
(622 Points)
Replied 06 December 2009
| Originally posted by :Lokesh | ||
| " | Dear Richa when We talk about receivables then it means both debtors and Bills receivables. but when u have to mention either of the above two then u are required to make it specific i.e debtors or bill receivables. |
" |
i agree with lokesh
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 07 December 2009
yes receivables include debtors
Desperado
(Cost And Management Accountant)
(129 Points)
Replied 07 December 2009
Dear,
Please note that Receivables i.e. A/c Receivables and Debtors are similar and there is no differentiations in between the two.
The only difference is that, term "Receivable" is used by Americans on the other hand "Debtor" is used by british.
Regards,
Desperado
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