Question

From the view point of creditors a bill of exchange is considered as:
(a)
Bills Receivable
(b)
Bills Payable
(c)
Discounting
(d)
All of the above.​

Answer 1

Answer:

(a) Bills Receivable

Explanation:

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Answer 2

Answer:

Considering the view point of creditors Bills of exchange is ( a) Bills receivable.

Explanation:

• Bills of exchange is Bills receivable for the person who draws the bill and gets the bill back after its due acceptance.

• Bills of exchange is  bills payable for the person who accepts the bill.

• As, a bill of exchange is drawn by a creditor to his debtor, for the creditor the bills of exchange is" Bills Receivable".

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