i cant learn the format of bills receviable and payable how can i learn - Accountancy - Recording of Transactions - II

Question

i cant learn the format of bills receviable and payable how can i
learn

Neha Chopra · Accepted Answer

Dear Student,

The format of Bill Receivable/payable book is nothing but its just
the detail information as to from/to whom the amount is received/to
be paid, acceptor/payee in case of Bills receivables/Bills payable,
Date of Bill, Term , Date of Maturity when the amount becomes due,
total amount & how it is finally received i e through cash or
cheque

Bill Receivable
Book

S
No
From Whom
Received
Acceptor
Date of
Bill
Term
Date of
Maturity
Amount
Rs
How
Disposed

Bill Payable
Book

S
No
Date of
Issue
To Whom
Given
Payee
Term
Date of
Maturity
Amount
Rs
Remarks

Thus , the format is
complete description of important details which must be
recorded

Regards,

Bill Receivable Book
S. No.	From Whom Received	Acceptor	Date of Bill	Term	Date of Maturity	Amount Rs	How Disposed

Bill Payable Book
S. No.	Date of Issue	To Whom Given	Payee	Term	Date of Maturity	Amount Rs	Remarks