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Bills receivable

Asked Oct 16, 2011, 10:03 PM — 1 Answer
What is the entry for bills receivable?

1 Answer
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pready Posts: 2,678, Reputation: 897
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#2

Oct 17, 2011, 06:46 AM
If you are asking about service provided to a customer and you sent that customer a bill, then the entry will be:
Debit Accounts Receivable for the amount
Credit Service Revenue or Fees Earned for the amount
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