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What documents is prepared to reduce accounts receivable for something other than a payment?
Wiki User
∙ 6y ago
a credit memo
Glen Fahey
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When is a schedule of accounts receivable prepared?
after all current entries are posted
Why source document important to a business or accounts?
The source documents upon which the accounts are prepared will be evidence that the accounts for the business have been correctly prepared.
What is Accounts Receivable Aging Schedule?
In Accrual accounting system, goods are sold to customers on credit with different terms for repayment of money. So to tracking the repayment of money from customers "Accounts Receivable Aging Schedule' is prepared to check how much money due within next 30, 60, 90, 180 or 360 days.
Under what circumstances would bills receivable account and bills payable account prepared while preparing final accounts from incomplete record?
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.
Independent branch accounts?
It is a branch which had able to prepare its own accounts on its books then we say that is an independent branch. Accounts prepared by it is technically called as independent branch accounts.
When is a schedule of accounts receivable prepared?
after all current entries are posted
Why source document important to a business or accounts?
The source documents upon which the accounts are prepared will be evidence that the accounts for the business have been correctly prepared.
What is Accounts Receivable Aging Schedule?
In Accrual accounting system, goods are sold to customers on credit with different terms for repayment of money. So to tracking the repayment of money from customers "Accounts Receivable Aging Schedule' is prepared to check how much money due within next 30, 60, 90, 180 or 360 days.
What document is prepared to reduce accounts payable for something other than a payment?
debit memo
Where do customer advances go on the balance sheet?
I am not sure what you are referring to, but in the words "customer advances" I will assume you are referring to a person or company providing a service or product to the customer with expectations of payment at a later date. If this is the case, then the recording of this would be seen in Accounts Receivable or Notes Receivable (depending on the amount of time the customer is given to pay the amount). If not paid out in the period when the Balance Sheet is prepared such advances are listed under assets using the same account (Accounts or Notes Receivable) Please Note, if they are paid off, then the balance is removed from Accounts/Notes Payable and recorded into Revenue (Income) which is not on the Balance Sheet.
What are the accounting entries of rent receivable that is prepared in the next financial year?
Adjusting entries are the accounting entries of rent receivable that are prepared at the end of the financial year. As a result, adjustments are made for the new financial year based on the previous year.
Which export documents are required to be prepared by the exporter himself?
The Power of Attorney, the Commercial Invoice, and the Pro Forma invoice are all export documents that are required to be prepared by the exporter himself.
Under what circumstances would bills receivable account and bills payable account prepared while preparing final accounts from incomplete record?
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.
Independent branch accounts?
It is a branch which had able to prepare its own accounts on its books then we say that is an independent branch. Accounts prepared by it is technically called as independent branch accounts.
What are the various documents prepared for software?
written document finacial document
Is trial balance prepared before preparation of final accounts?
yes
Final accounts of a farmer can be prepared under?
single entry method
