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No. A/R are current assets because the company expects to receive payment/or use the assets within a year. Installment receivables can be extended past the year. Some furniture and car installment loans of course can go past 5 years. The
Installment A/r(dr) Installment sales(cr)
Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.
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The Receivables turnover ratio is used to measure the number of times on an average; the receivables are collected during a particular timeframe. A good receivables turnover ratio implies that the company is able to efficiently collect its receivables.Formula:RTR = Net Credit Sales / Average Net Receivables
No. A/R are current assets because the company expects to receive payment/or use the assets within a year. Installment receivables can be extended past the year. Some furniture and car installment loans of course can go past 5 years. The
Installment A/r(dr) Installment sales(cr)
how do purchase returns in tally9
Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.
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The population of The Receivables Exchange is 2,011.
The Receivables Exchange was created in 2007.
The population of The Receivables Exchange is 65.
How May Groups In Tally9
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