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is bills receivable also a debtors
Subash Chandrabose
CA Final
★ 32K+
16-Sep-22 10:21
517
Answers (4)
Best Answer
No whenever bills receivable comes you should credit it to the debtors Alc and dishonoured will be debtors vice versa
venkatesh sundharamoorthy
★ 34K+
16-Sep-22 10:22
ok thank you sir
Thread Starter
16-Sep-22 10:23
Bills receivable cannot be termed as debtors but it has a debit balance because at the time of maturity, the cash will be collected from debtor by presenting that bill which is issued by our debtor. So bills receivable has debit balance
siva chaitanya
★ 13K+
16-Sep-22 10:33
No
polepalli deeraj
★ 2K+
16-Sep-22 16:06
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