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What do you mean by Bill receiveabl |
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Answer» Bill receivable is drawn by the person called drawer and the person who accept it called as drawee . when drawee accepts the bill by signing on it and accepting a certain amount of money that he\'ll pay in future and return it to the drawer or payee than for drawee/payee it is bills receivable ! B/R is a bill which is drawn by the seller (drawer) n accepted by the purchaser (drawee). It is an asset for drawer. |
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