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Accounts receivable is the payment of goods purchased today due in 30 days. It can also be called loans or allowances.
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What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
What is accrued liabilities?
Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!
Do I have any rights against a company I did what they asked me to make good on my acct have proof they got the payment amount they asked for but came to my house today and repossessed my shed anyway?
yes you do if you have proof but you would have to have a lawyer
If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?
If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.
How do you send a letter to collect a debt for your business?
(Your Letterhead) (Address Element) (Date) RE: Account # _________________ Dear Mr. John Doe: This is just a reminder that your payment of $_________ has not been received by our collection office. If you forgot to mail us your payment, please send it today. If you have already mailed your check, please disregard this notice. Sincerely, Creditor Company (or name of business) ________________________________________________________________________________________________________________ (Your Letterhead) (Address Elements) (Date) RE: Account # _____________________
What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
If late payment was to be paid today but wasnt can they reposses today?
if payment due today can it be repossed today
What is accrued liabilities?
Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!
Which type of money uses a delayed payment to purchase goods?
Paying for a drum set in six months and receiving the drum set today
Why will producing investment goods today cause different results for the future of the economy than focusing more one consumer goods today?
This is because the investment goods are able to generate more revenue and consumer goods in the future compared to focus on consumer goods that are generate today. : )
How did Britten enforce taxing laws?
Pretty much the same way things are done today. Soldiers and officials would visit the individual and demand payment. If it was not forthcoming, they might seize goods and property to get the money.
How do you write a payment letter transfer from company to a person?
We are remitted payment to you today, the balance is USD59,395.
Is paypal.com the leading online payment source?
Paypal is indeed still the leading online payment source. Google launched their own version of an online payment source to rival paypal called "Google Checkout" in 2006, though today in 2011 Paypal is still leading the way.
What is a investment?
In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.
What states today were in the land that Spain purchased in the 13 colonies?
Spain never purchased land in the thirteen colonies.
What is the most popular scanner purchased today?
avg 2012
what forms of payments were used to buy band aids in the 1920s?
Band-Aids were first introduced in the 1920s, and at that time, the primary form of payment used to purchase them was cash. Credit cards did not exist in the 1920s, and while checks were in use, they were not as common or widespread as they are today. In the early 20th century, paper money and coins were commonly used to pay for goods and services. People would carry cash with them to make purchases at local stores, or they would send money through the mail to purchase goods from mail-order catalogs. It is possible that some stores in the 1920s may have accepted other forms of payment, such as trade or barter, where customers would exchange goods or services rather than cash. However, this was likely not a common practice, especially for everyday items like Band-Aids. Overall, cash was the primary form of payment used to buy Band-Aids in the 1920s, and it remains the most widely accepted form of payment today, despite the growing popularity of digital payment methods like credit cards, mobile payments, and cryptocurrencies.
