should accounts revceivable (net) bedeleted out
Not sure what the first answer is saying, but net accounts receivable is total accounts receivable less allowance for doubtful accounts (accounts you think are not going to pay you)
Net Sales / Average Accounts Receivable = Account Receivable Turnover
By dividing accounts receivable by net sales and multiplying by 365 days.
Answer:To calculate the average, add beginning accounts receivable and ending accounts receivable, and divide it by 2.
Net Accounts Receivable is found by subtracting the "noncollectable" amount in AR from the balance. Also referred to sometimes as ADA (allowance for doubtful accounts).
Yes , I guess
Net Sales / Average Accounts Receivable = Account Receivable Turnover
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
By dividing accounts receivable by net sales and multiplying by 365 days.
Answer:To calculate the average, add beginning accounts receivable and ending accounts receivable, and divide it by 2.
Net Accounts Receivable is found by subtracting the "noncollectable" amount in AR from the balance. Also referred to sometimes as ADA (allowance for doubtful accounts).
(Average Accounts Receivable) / (Sales X 360 days)
Yes , I guess
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
i have the same question!
Net
To calculate cash collections from customers, add the beginning accounts receivable balance to credit sales, then subtract the ending accounts receivable balance. This will give you the total cash collected from customers.
net Accounts Receivable will be overstated.