Question

what is Bill's receivable and where it will be used ​

Answer 1

Answer:

A bill receivable is a bill of exchange drawn by an entity on its customer or debtor so as to serve as a proof of debt. When the customer accepts a bill, it serves as an acceptance of the debt and an undertaking to pay the specified amount on a specified date.

Explanation:

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Answer 2

Answer:

Bills receivable is often used as an alternative term for accounts receivable but more specifically relates to amounts due to a business under bills of exchange. ... By accepting the bill of exchange the customer effectively agrees to pay the amount due on a specified date.

Explanation:

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