Under Which of the heading /Sub heading , Bills receivable will be presented in the Balance
sheet of a company as per schedule III of Part I of companies Act 2013.
(i) Current Assets and Accounts receivable
(ii) Current liabilities and Loan and advances
(iii) Current Assets and Loans and advances
(IV) Current Liabilities and Accounts payable

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Solution

Dear student,
Bills receivable will be shown under the head Current Assets under the sub head Accounts receivable. Since Bills receivables can be converted into cash within 1 year.

Regards

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Dear student, Bills receivable will be shown under the head Current Assets under the sub head Accounts receivable. Since Bills receivables can be converted into cash within 1 year. Regards

Dear student,
Bills receivable will be shown under the head Current Assets under the sub head Accounts receivable. Since Bills receivables can be converted into cash within 1 year.

Regards