The system of general indicators of the analysis of commercial organizations’ financial activities - the participants of bill relations

Abstract

The participants of bill relations (the maker, the transferor of bill, the guarantor and the acceptor of the bill) acquire the obligations and responsibilities which are defined by the law and must be reflected in the accounting books. This information gives the opportunity to estimate the age composition of bill arrear and, the urgency of its repayment, economic viability and help to identify the overdue debt, which may help to develop the policy calculations and justification of the terms of a deferred payment obligation by executing a promissory note, to facilitate an inventory of state payments on promissory notes for the purpose of enhancing debt collection and acceleration of its turnover.