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not affect total assets.
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Which of the following is not considered to be a liability 1 Accounts Payable 2 Accounts Receivable 3 Wages Payable 4 Unearned Revenues?
Accounts receivable is that portion of sales which are made on credit and money is agreed to be received in future that;s why accounts receivable is an asset of company and that's why not treated as a liability of company
Payment on a portion of Accounts Payable will?
decreases the liability.
Is accounts reciable a credit or debit?
Accounts receivable is that amount which is receivable in future and so it is an asset of company and that’s why like all assets it also has debit balance and shown in current assets portion of balance sheet.
What is stock subscription receivable?
unpaid portion of the subscribe stock
Why original creditors sale accounts to a collection agency?
Original creditors sale their accounts to collection agencies when the account has been past due and they have not effectively collected. At that time, the original creditor will charge off the balance from their accounts receivable and turn the account over to a collection agency. When the collection agency collects the debt, a portion of the amount received is paid the the collection agency and the remainder is returned to the original creditor as profit.
What is the role of accounts receivable in a business?
The role of accounts receivable in a business is to determine the amount of money owned to the business or company by debtors. This account is in the asset portion on a balance sheet.
Which of the following is not considered to be a liability 1 Accounts Payable 2 Accounts Receivable 3 Wages Payable 4 Unearned Revenues?
Accounts receivable is that portion of sales which are made on credit and money is agreed to be received in future that;s why accounts receivable is an asset of company and that's why not treated as a liability of company
Payment on a portion of Accounts Payable will?
decreases the liability.
Is accounts reciable a credit or debit?
Accounts receivable is that amount which is receivable in future and so it is an asset of company and that’s why like all assets it also has debit balance and shown in current assets portion of balance sheet.
What is stock subscription receivable?
unpaid portion of the subscribe stock
What are intussuscipiens?
The outer "receiving" portion of an intussusception is called the intussuscipiens;
Why original creditors sale accounts to a collection agency?
Original creditors sale their accounts to collection agencies when the account has been past due and they have not effectively collected. At that time, the original creditor will charge off the balance from their accounts receivable and turn the account over to a collection agency. When the collection agency collects the debt, a portion of the amount received is paid the the collection agency and the remainder is returned to the original creditor as profit.
When mortgage payments are made in what way does the interest portion change each month and why?
Each month, the interest portion of the payment decreases and the principal portion of the payment increases. The interest decreases because the outstanding principal balance decreases each month as payments arev made. At the beginning of a loan, the interest portion of a payment is large and the principal is small. Towards the end of the loan, the interest portion is small and the principal portion is larger.
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
Which Excel function calculates the principal portion of a loan payment?
The PPMT function.
What is structured settlement factoring?
If you are receiving payments from an annuity or a personal injury claim you may be able to get a structured settlement. Basically you are given a lump sum in exchange for the monthly payments you would have received. For some people who need quick cash this can be valuable. However, you will be loosing a large portion of the value by doing so. Structured settlement factoring is the process of selling of selling some or all of a portion of future settlements payments for a lump sum payment today. This means you have to be presently receiving a structured settlement payment in order to engage in this type of transaction. People use this type of transaction if they have a short-term liability that requires much more money than what they can cover with the periodic structured payment.
A payment of a portion of an accounts payable will?
Decrease Cash (credit) and Decrease Account Payable (debit). This is if you're paying cash which of course is the common way to pay an account payable. An account payable is what you owe another person or company, by paying even a portion of the account it will decrease your liability (what you owe) as well as decreasing your amount of cash on hand.
