Bill receivable book is a part of the ___________.

Ledger

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Balance Sheet

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Subsidiary Book

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Profit and loss Account

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Solution

The correct option is C Subsidiary Book
Bills receivable book is a subsidiary or secondary book of accounting, where all bills of exchange, which are receivable for the business, are recorded. The total value of all the bills receivable for an accounting period is transferred to the books of accounts.

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D.None of the above.

Give the performa of a Bills Receivable Book.

Give the proforma of a Bills Receivable Book.

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