Receivable example sentences

Current assets include interest accrued on investments, inventories, sundry debtors, bills receivables, cash and bank balances, and other advances like prepaid expenses, etc.Current assets include cash in hand, bank balance, debtors, bills receivable, stock, prepaid expenses, accrued income, and short-term investments (marketable securities).For example, ratio of credit sales to debtors and bills receivable known as debtor turnover ratio is calculated using one figureure from income statement (credit sales) and another figureure from balance sheet (debtors and bills receivable).For the person who draws the bill of exchange and gets it back after its due acceptance, it is a bill receivable.Quite often, while all details relating to bills receivable and bills payable are available but the figureures of the bills received and bills accepted during the year are not given.This is known as working capital of an enterprise, which is used for holding current assets such as stock of material, bills receivables and for meeting current expenses like salaries, wages, taxes, and rent.This balance on any date would represent the amount of bills receivable unmatured and on hand.In such a situation, total bills receivable account and total bills payable account can be prepared and the missing figureures ascertained as the balancing figureures.This total is debited to the “Bills Receivable Account” whereas the account of every individual debtor whom the bills received is credited in the ledger.are entered in the bills receivable book for presentation and further reference.A business, for example, can generate funds internally by accelerating collection of receivables, disposing of surplus inventories and ploughing back its profit.Bills receivables are assets and Bills payable are liabilities.The Bills Receivable Account is the account of an asset and would always have a debit balance.For other items we have explained as to how available information can be used to ascertain their missing figureures with the help of total debtors and total creditors, total bills receivable and total bills payable accounts and summary of cash.It is then advisable to record them separately in special subsidiary books, the bills receivables in the Bills Receivable Book and the bills payable in the Bills Payable Book.