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There is an ADA account, however ADA stands for Allowance for Doubtful Accounts, you use the term "undoubtful". Unless you mean "doubtful" accounts there are no terms for undoubtful ones, undoubtful meaning "having no doubt".
ADA is the account used by a company in which they usually allow a certain percentage of sales to cover those accounts they don't expect to receive payment for. In other words people who order on credit and then don't pay.
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What is the term for an official inspection of an individual's or organisation's accounts?
retain accounting record
What did you learn about accounting 1?
My first accounting class was a basic manual accounting course. The class was loaded with information on understanding how accounting works. First I learned the accounting formula. We learned about T accounts, how to post, how to write out the different financial statements. We learned about accounts receivable, accounts payable, long term and short term liabilities. We also learned about interest rates and how to apply payments. Basically I learned how to keep the basic books manually. It is a good class to take even if you are not majoring in accounting or even business. I used what I learned on a daily basis to see if my payments were applied to my bill correctly and to have a better understanding when customer service is explaining a bill to me.
Is cash on demand a standard term for accounts receivable?
No, the phrase "cash on demand" is not a standard term for accounts payable in accounting terminology. Cash on demand is a term used when using payday loans or other types of loaning operations. It is typically a high interest, quick payback loan.
What does the term 'process costing' refer to?
The term "process costing" refers to the accounting method that takes into accounts all costs, either direct or indirect, during the manufacturing process of a product.
Which is the correct term is that accounting finance or Finance accounting?
Accounting and Finance
What is the term for an official inspection of an individual's or organisation's accounts?
retain accounting record
What is the term for an official inspection of an individual or organisation's accounts?
retain accounting record
What is 'special accounting'?
A bank account for people who were born with diahorea
What did you learn about accounting 1?
My first accounting class was a basic manual accounting course. The class was loaded with information on understanding how accounting works. First I learned the accounting formula. We learned about T accounts, how to post, how to write out the different financial statements. We learned about accounts receivable, accounts payable, long term and short term liabilities. We also learned about interest rates and how to apply payments. Basically I learned how to keep the basic books manually. It is a good class to take even if you are not majoring in accounting or even business. I used what I learned on a daily basis to see if my payments were applied to my bill correctly and to have a better understanding when customer service is explaining a bill to me.
Is cash on demand a standard term for accounts receivable?
No, the phrase "cash on demand" is not a standard term for accounts payable in accounting terminology. Cash on demand is a term used when using payday loans or other types of loaning operations. It is typically a high interest, quick payback loan.
What does the term 'process costing' refer to?
The term "process costing" refers to the accounting method that takes into accounts all costs, either direct or indirect, during the manufacturing process of a product.
Which is the correct term is that accounting finance or Finance accounting?
Accounting and Finance
What means by?
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
Is provision for doubtful debt under current assets?
Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.
What means by deprecations?
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
What is the accounting term for monies that represent servicesproduct delivered but not yet invoiced?
Accounts receivable / Cash. When it's invoiced it will take money out of cash and into the product or service account.
What is a negative collected balance?
Negative collected balance is a term used in accounting to describe accounts that are cannot be collected on. This means that they have tried several times to collect the balance and have been unsuccessful.
