There is no law that restriction how long a creditor or business must hold a bad debt before forwarding it to a debt collections agency.
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
You cannot change an account type from customer to vendor. You need to create a new vendor using a slightly different name than the one you use for the customer account.
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
debit: expense account credit: account payable (vendor)
No pay the vendor. If you pay the collection agency they will extract a fee from the payment and you will still owe the vendor
sales account is nothing but the sales made to any person in the organisation. vendor account is defined as the products which is assigned to the vendor to move to the another location.
a collection of data is supplied by the database vendor. example: Oracle
The best way to evaluate a vendor is by talking to other clients the vendor has. If you receive positive feedback, then you will have a good idea about doing business with the vendor.
saving account
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
[Debit] Correct Vendor [Credit] Wrong Vendor Only Vendor accounts will be adjusted as cash or bank account is already charged correctly.
You cannot change an account type from customer to vendor. You need to create a new vendor using a slightly different name than the one you use for the customer account.
Vendor Account, Bank Account