bills payables with recourse
Posted: Sun Oct 24, 2010 8:17 am
Hello ,
Can we make a bills payables with recourse
for instance:
Company = A
Company's vendor = B
Company's bank = C
A gives a promisory note to B with a due date after 30 days
Based on Promisory note, C pays to B on discounted basis.
ON maturity date, A pays to C
Basically we need to book short term debts beyond the maturity date, if any
.......
can anybody help me with the mapping into oralce?
Can we make a bills payables with recourse
for instance:
Company = A
Company's vendor = B
Company's bank = C
A gives a promisory note to B with a due date after 30 days
Based on Promisory note, C pays to B on discounted basis.
ON maturity date, A pays to C
Basically we need to book short term debts beyond the maturity date, if any
.......
can anybody help me with the mapping into oralce?