Accountancy, asked by gunjanjain84, 10 months ago

bills receivable is which account , Real,personal or nominal ?! and why???plZ

Answers

Answered by Anonymous

9

Answer:

These B/R and B/P are not assets because they are not yet acquired as like Plant, building etc. They are yet to be encashed. Asset means which has been acquired and has some value. Hence, Bills Receivable and Bills Payable are Representative Personal Accounts.

hope it helps..

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