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Under what circumstances would bills receivable account and bills payable account prepared while preparing final accounts from incomplete record?
Wiki User
∙ 9y ago
There really is not any reasons as to why there would be an incomplete record. The only way would be from a computer error or just someone providing the incorrect information.
Wiki User
∙ 9y ago
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What does a Schedule of Accounts Receivable show?
the schedule of accounts receivable shows
What does a schedule accounts receivable show?
the schedule of accounts receivable shows
What is Accounts Receivable Netting?
It is basically deducting the allowance for doubtful accounts from the total accounts receivable.
A firm has a days sales outstanding of 40 days and its annual sales are 7300000 what is the accounts receivable balance?
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
What does a Schedule of Accounts Receivable show?
the schedule of accounts receivable shows
What does a schedule accounts receivable show?
the schedule of accounts receivable shows
How calculate accounts receivable turnover ratio?
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
What is Accounts Receivable Netting?
It is basically deducting the allowance for doubtful accounts from the total accounts receivable.
A firm has a days sales outstanding of 40 days and its annual sales are 7300000 what is the accounts receivable balance?
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
Why is accounts receivable an assit?
Because accounts receivable is that amount which is receivable from customer due to sales of goods on credit.
What is bills accounts receivable?
Accounts receivable is money that was owed to you being paid/
Is a decrease in accounts receivable debit or credit?
A Credit entry reduces Accounts Receivable
How do you calculate net accounts receivable?
should accounts revceivable (net) bedeleted out Not sure what the first answer is saying, but net accounts receivable is total accounts receivable less allowance for doubtful accounts (accounts you think are not going to pay you)
Accounts receivable is decreased with a?
Accounts receivable is decreased with credit balance or by receiving the cash from customers.
If you have a sale what does it do to the accounts receivable?
If sales is credit sales then it will create accounts receivable which means money is receivable from customers at future time.
