Accountancy, asked by AmoghKhan586, 5 months ago

What is journal entry for bills receivable

Answers

Answered by karneomkar

Explanation:

The first journal is to record the amount due from the customer as an accounts receivable in the usual manner. The debit records the amount due from the customer as an accounts receivable. The credit is to revenue representing the goods sold to the customer.

Answered by TheUntrustworthy

Explanation:

The first journal is to record the amount required by customers as accounts available in the normal way.

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