A bill of exchange which represents the right to receive cash in the future is a:

Question

Quizplus · Accepted Answer

A bill of exchange which represents the right to receive cash in the future is a bill receivable, as it is an asset to the recipient of the bill. A bill payable, on the other hand, represents a liability as it is an obligation to pay cash in the future. Sundry debtor is a general term used to describe any party that owes a debt to a business. Credit card is irrelevant in this context as it does not involve a bill of exchange.

A Bill of Exchange Which Represents the Right to Receive