Short-term bills receivable- Bills due within one year from the balance sheet date are classified as current assets in the balance sheet. Long-term bills receivable- Bills due after one year from the balance sheet date are classified as non-current assets in the balance sheet.
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Answer:
Bills receivable in Balance Sheet
Explanation:
Short-term bills receivable- Bills due within one year from the balance sheet date are classified as current assets in the balance sheet. Long-term bills receivable- Bills due after one year from the balance sheet date are classified as non-current assets in the balance sheet.
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