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 ...
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- Sun Oct 24, 2010 8:17 am
- Forum: Financials (GL, AP, AR, FA & CM)
- Topic: bills payables with recourse
- Replies: 1
- Views: 1153