Bill Receivable

A bill of exchange from drawer point of view is called bill receivable.

Accounts receivable are a legally enforceable claim for payment to a business by its customer/ purchasers for goods provided and/or services rendered in execution of the customer’s order. These are usually within the variety of invoices raised by the business associate with delivered to the client for payment at intervals an in agreement time-frame. assets are shown within the record as quality. it's one in every of a series of accounting transactions dealing with the charge of a client for merchandise and services that the client has ordered. These could also be distinguished from notes due , that are debts created through formal legal instruments referred to as dedication notes.