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by dishbu78900
Sun Oct 24, 2010 8:17 am
Forum: Financials (GL, AP, AR, FA & CM)
Topic: bills payables with recourse
Replies: 1
Views: 1153

bills payables with recourse

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 ...