Bills Receivable is _______________.

Current Asset

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Fictitious asset

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Tangible asset

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Intangible asset.

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Solution

The correct option is A Current Asset
Bills receivable is a Current asset as it is repayable within 12 months. A bills receivable is a negotiable instrument/bill received from a customer in return of the goods purchased on credit. They are payable by the drawee on maturity.

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Bills Receivable is _______________.

The correct option is A Current AssetBills receivable is a Current asset as it is repayable within 12 months. A bills receivable is a negotiable instrument/bill received from a customer in return of the goods purchased on credit. They are payable by the drawee on maturity.

The correct option is A Current Asset
Bills receivable is a Current asset as it is repayable within 12 months. A bills receivable is a negotiable instrument/bill received from a customer in return of the goods purchased on credit. They are payable by the drawee on maturity.