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Explain What Are Bills Receivable? |
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Answer» Bills Receivable , in MERCHANT accounts, are all promissory notes, bills of EXCHANGE, BONDS, and other evidences or securities which a merchant or trader holds, and which are PAYABLE to him. Bills Receivable , in merchant accounts, are all promissory notes, bills of exchange, bonds, and other evidences or securities which a merchant or trader holds, and which are payable to him. |
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