_______ is used to record the details of bills receivable by the business organization.

Purchases Book

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Bills Payable Book

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Bills Receivable Book

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None of the above

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Solution

The correct option is A Bills Receivable Book
Accounts Receivable (AR) is the proceeds or payment which the company will receive from its customers who have purchased its goods & services on credit. Usually the credit period is short ranging from few days to months or in some cases maybe a year.

Suggest Corrections

A.Consignment A/c Discount A/c To Bills Receivable A/c	Dr. Dr.
A.Bank A/c Profit & Loss A/c To Bills Receivable A/c	Dr. Dr.
C.Bank A/c Consignment A/c To Bills Receivable A/c	Dr. Dr.
D.None of the above.