Bills Receivable Book :

This book is used to record the details of bills receivable by the business organization. The entries to be made in this book include the name of the acceptor, date of receipt of the bill, term of the bill, due date, amount and other details. The total of the amount column of the bills receivable book is debited to bills receivable account while the amount of each bills receivable is posed to the credit of the account of the party from whom it is received.