What is Bill of exchange received?

A bill of exchange that a buyer or customer has given to the seller as a payment document for goods sold, work performed or services rendered. The seller accounts for it as a receivable in account 4020 for the current portion and in account 0910 for the long-term portion; if it is not paid on time, a claim is made and it is transferred to account 4860 (NAS No. 21, paragraphs 77 and 172).