BILLS RECEIVABLE Definition

Bookmark and Share

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.

Learn new Accounting Terms

CUSTODY is possession.

USEFUL LIFE is the expected period of time, in years, during which a depreciating asset will be productive.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.