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A/R is accounts receivables is funds receivable from credit sales
Bills receivable is related to Bill of exchanges receivables
no. bills is relatesd to sales but A/R may be not sales
Yea if u mean debit. And no if u mean security level.
Bills are receivables in nature because a person needs to pay on what they owe. While the term "account" is generic. Generic in a way that a bill can be an account of a person, a vendor, etc. You can quote an "account/s"as a payable or a receivable.
Bill receivables are those bills whose amount will be received on due date from debtor or the person whose name in it as drawee. Accounts Receivables are money owed by customers to an entity in exchange for goods or services that have been rendered or delivered. In accountancy i would say that they are the same based on the above definition.
Yes both are same.
Term Bills Receiveable is usually used in british system and Accounts Receiveable in American System.
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