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Should a provision for receivables be included in the aged receivables listing?
Wiki User
∙ 14y ago
yes. the list includes percentenge for the uncollectible eg. 2% 5%...... which depends how many days the AR is past due and the corresponding estimated uncollectible which is the provision for receivables.
Wiki User
∙ 14y ago
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How does sales growth affect account receivables?
Growth in sales should always be compared to growth in receivables.
What service charges should be classified when a retailer regularly sells its receivables to a factor?
Selling expense is what the charges should be classified when a retailer regularly sells its receivables to a factor.
Receivables from company officers and employees should be disclosed separately on the balance sheet?
Receivables from employees and officers should be listed separately on the balance sheet due to most receivables are from sales. This allows outside stakeholders to see an accurate picture on the company's ability to collect on credit sales.
What is the entry of tds provision?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
The time period the listing is in effect must be included in a listing contract?
Yes, it should.
How does sales growth affect account receivables?
Growth in sales should always be compared to growth in receivables.
What service charges should be classified when a retailer regularly sells its receivables to a factor?
Selling expense is what the charges should be classified when a retailer regularly sells its receivables to a factor.
Receivables from company officers and employees should be disclosed separately on the balance sheet?
Receivables from employees and officers should be listed separately on the balance sheet due to most receivables are from sales. This allows outside stakeholders to see an accurate picture on the company's ability to collect on credit sales.
What is the entry of tds provision?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What are provision entries and y they are done in journal entries?
Provision entries are accounting entries made to account for expenses or liabilities that are probable but uncertain in amount. They are done in journal entries to ensure that expenses are matched with the revenues they generate in a specific accounting period, in order to provide a more accurate representation of a company's financial position and performance.
Will business credit reports determine collectability of receivables?
Yes they will definitely do it. The business credit reports will determine if the receivables are collectable if you request them. You should ask them for the credit report to see.
What are the basic provision of RA 1425 section 1-6?
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Writing a letter to a supervisor should be done in a timely manner. For requesting a leave, the salient details should be listing including specific dates of absence and the reason for the leave. Full contact information should be included for convenience.
Can Provision for partially paid liability be made?
Yes we should made the provision for partially paid. But the expense will be booked for the total liablity.
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List your most significant accomplishments or conributions?
When listing your accomplishments and contributions, include those that are career-related, volunteer activities, and community achievements. Personal accomplishments such as getting married and having children should not be included.
