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Bills receivable is a real account. When acceptance is received, Bills receivable account is debited (debit what comes in). When the bill is discounted or returned to acceptor at the time of maturity, Bills receivable account is credited (credit what goes out).
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Is bills payables a real account?
No, bills payables is not a real account but it is a personal account .My answer:Bills receivable is a real account. Bills receivable for one person is bills payble for another person. The same instrument cannot be Real for one person and personal for another. Hence, in my opinion Bills payable is also a real account.
Is accounts receivable a permanent account?
Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.
What are Bills payable and bills receivable entries?
what is bill receivable and bill payeble definition with example
What is the nature of account receivable?
Account receivable is an asset
What are average accounts receivable?
what is average account receivable
Is bills payables a real account?
No, bills payables is not a real account but it is a personal account .My answer:Bills receivable is a real account. Bills receivable for one person is bills payble for another person. The same instrument cannot be Real for one person and personal for another. Hence, in my opinion Bills payable is also a real account.
Is accounts receivable a permanent account?
Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.
What is the nature of account receivable?
Account receivable is an asset
What are Bills payable and bills receivable entries?
what is bill receivable and bill payeble definition with example
What is bills accounts receivable?
Accounts receivable is money that was owed to you being paid/
What are average accounts receivable?
what is average account receivable
Is bills payble account is a real account?
Bill payable is a personal account and only cash and bank accounts are real accounts in accounting.
Question about accounts receivable and inventory?
account receivable and inventory
What is account receivable based on?
Account Receivable financing is base on PDCs, sales invoice, delivery receipts.
What is commonly used to determine if you should give customers an Account receivable Account?
after a sale to an Account Receivable is miscreants is sent to the customer?
What is commonly used to determine if you should give customers account receivable account?
after a sale to an Account Receivable is miscreants is sent to the customer?
What is the difference between Receivable and account Receivable?
Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif
