Receivable example sentences

A business, for example, can generate funds internally by accelerating collection of receivables, disposing of surplus inventories and ploughing back its profit.are entered in the bills receivable book for presentation and further reference.Current assets include interest accrued on investments, inventories, sundry debtors, bills receivables, cash and bank balances, and other advances like prepaid expenses, etc.An important point in connection with bill receivables and bills payable books is that they only record the transactions relating to drawing and acceptance of bills, all other transactions do not record the entire range of transactions relating to the bills, e.g. relating to bills discounted, endorsement, retirement, renewal etc.Short-term financing is most common for financing of current assets such as accounts receivable and inventories.In case of a promissory note for the maker it is a bills payable and for the person in whose favour the promissory note is drawn it is a bills receivable.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).None of the receivable income and payable expense is to be entered in this account as they do not involve inflow or outflow of cash.It may be noted that all assets expenses and receivables account shall have debit balances whereas all liabilities, revenues and payables accounts shall have credit balances.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.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.The turnover ratios basically exhibit the activity levels characterised by the capacity of the business to make more sales or turnover and include Stock Turnover, Debtors (Receivable) Turnover, Creditors (Payable) Turnover, Working Capital Turnover, Fixed Assets Turnover, and Current asset Turnover.The figureures of various accounts such as cash in hand, cash at bank, bills receivable, sundry debtors, fixed assets, etc.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.This balance on any date would represent the amount of bills receivable unmatured and on hand.