Bills receivable is a ___________

Related MCQs

• Bills receivable as endorsed is debited to
• In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account
• When Bills Receivable is returned dishonoured by the drawee, which of these A/c is debited by the drawee
• The Balance in receivable as on the date of Balance sheet is converted at rate______________
• M draw a 3 months bill of exchange of ` 20,000 on T on 1st April 07. On due date T paid ` 4,000 and requested M to draw another bill of exchange for 2 months. On the due date of second bill of exchange T is declared insolvement and a dividend of 25 paisa in a rupee is expedited to be realized from his assets. Find the amount receivable from T in respect of the outstanding bill of exchange
• Accounts receivable normally has ________ balance
• The balance of royalty‟s receivable account is transferred to — Sol:
• Rebate on bills discounted is
• Rebate on bills discounted is ………..
• Bills payable honored during the year will be debited to ______