Bills Receivables appear in a Company’s Balance Sheet under the Sub-head _________
Bills Receivables appear in a Company’s Balance Sheet under the Sub-head trade receivables.
A bill receivable is a document that your customer formally agrees to pay at some future date (the maturity date).
Loans and Advances: Under this sub-head loans and advances are classified on the basis of securities, age and reliability. Loans and advances given to subsidiary companies, bills receivables and prepaid expenses etc. are shown.