0
Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are average accounts receivable?
what is average account receivable
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
Is notes payable a permanent account?
Any account on the balance sheet is a permanent account - 'Cash', 'Accounts Receivable', 'Accounts Payable'. Income and expense accounts are temporary accounts because they are closed at the end of an accounting period. Examples are: 'Service Revenue', 'Office Expense', and, my personal favourite, 'Meetings and Entertainment Expense'.
Question about accounts receivable and inventory?
account receivable and inventory
Definition of accounts receivable?
account receivable is the money that owed the business
What are average accounts receivable?
what is average account receivable
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
Is notes payable a permanent account?
Any account on the balance sheet is a permanent account - 'Cash', 'Accounts Receivable', 'Accounts Payable'. Income and expense accounts are temporary accounts because they are closed at the end of an accounting period. Examples are: 'Service Revenue', 'Office Expense', and, my personal favourite, 'Meetings and Entertainment Expense'.
Question about accounts receivable and inventory?
account receivable and inventory
How calculate accounts receivable turnover ratio?
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Definition of accounts receivable?
account receivable is the money that owed the business
Is an account receivable a revenue?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.Sale of goods and services is a revenue and not accounts receivable.
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
Scope and limitation of account receivable system?
scope and limitation of accounts receivable
Account Receivable Management?
form_title=Account Receivable Management form_header=Get help managing your accounts receivable. Have you used an account receivable management program before? = () Yes () No () Not Sure Do you have any debts you need to collect on?= () Yes () No () Not Sure Do you have any oustanding accounts?= () Yes () No () Not Sure
What is the allowances doubtful account receivable?
accounts payable
Can accounts receivable normally have a debit balance?
Accounts receivable in an asset account and normally maintains a debit balance. So the answer is Yes.
