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bills payables with recourse

Posted: Sun Oct 24, 2010 8:17 am
by dishbu78900
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?

Posted: Tue Oct 26, 2010 7:56 am
by anjan123
Hi Shibu,

Please explain who is A who is B and who is C, what is your organization structure.


without having proper information we cannot provide a solution.


Regards
Anjan