Bills receivable are usually longer in term than accounts receivable.

Name: Bills receivable are usually longer in term than accounts receivable.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Bills receivable are a type of promissory note that is typically issued for a longer duration, often ranging from 30 to 180 days, whereas accounts receivable are generally issued for shorter durations, typically less than 30 days. As such, bills receivable are usually longer in term than accounts receivable.

Bills Receivable Are Usually Longer in Term Than Accounts Receivable