Bill settlements

UDC 33.061

Authors

Ushakov I. V.,
Tax advisor II rank, Director of AK Capital LLC
Elsunakaeva T. E.,
Deputy Director LLC AK Capital
Kurilova L. V.,
Chief Specialist OBUiK, LLC AK Capital

Abstract

The article highlights the theoretical and practical aspects of using the bill settlement system. In this aspect, issues related to settlements on a bill of exchange and the reflection of these transactions in accounting under various taxation systems are considered. Compared with the experience of active bill payments in foreign countries in Russia, the type of this method of pay-ment is not popular, although it has a number of undeniable advantages, such as: stability and high liquidity of the asset, low distribution costs, and the ability to independently determine the amount of borrowing.

Keywords

bill of exchange, commodity bill, accounting entries, COVID-19, OSNO, STS.