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If you're speaking $600 money received for an account receivable, the entry is
Debit to Cash for $600
Credit to the appropriate AR for $600
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What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
An acceleration in the collection of receivables will do what to the accounts receivable turnover?
increase
Will the collection of an accounts receivable increase the total assets of a business?
No
What is this no 1-800-278-7172?
A collection agency: Accounts Receivable Technologies
What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
An acceleration in the collection of receivables will do what to the accounts receivable turnover?
increase
Will the collection of an accounts receivable increase the total assets of a business?
No
What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
What is the accounting entry for collection of an Accounts receivable written off?
writtenoff A/C Dr. To Accounts Receivable Cr. (or) (To sundry Debtors A/c ) Cr.
What is this no 1-800-278-7172?
A collection agency: Accounts Receivable Technologies
Does collection on account receivable increase both cash and accounts recievable?
NO
If the accounts receivable turnover ratio is decreasing what will happen to the average collection period?
Avg Collection Period increases.
Is sales the driving force for accounts receivable?
yes the sales will drive the main steam in the account receivable because when the sales happen the account receivable collection attampt will start
Carrying cost of accounts receivable?
Accounts Receivable Carry Cost considers cost factors such as cost of capital, bad debt, legal and collection fees, fees, credit card fees, discounts and service charges to evaluate the effectiveness of Accounts Receivable management provided
What relationship exists between the average collection period and accounts receivable turnover?
kjihihiiuhij
Do accounts receivable all have to have individual dates?
Invoices must have dates on them... a collection of invoices for goods & services sold on credit comprise accounts receivable. On the basis of date of each invoice, the ageing is determined.
