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 bills receivable. Bills payable is a liability account and represents the amount a company owes to its creditors. Sundry debtor is a term used to represent any debtor other than bills receivable or accounts receivable. Credit card is a method of payment, not a type of bill of exchange.

A Bill of Exchange Which Represents the Right to Receive