A bill of exchange is one person pays a certain amount for goods and services on a specific day. A bill of entry is the exact value of good that have been shipped out or come in.
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original, duplicate & exchange control copy
bill receivable is what is owed to a company; bill payable is what is paid
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
Debit electricity expensesCredit cash / bank
Nothing..