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What is a debt called that is due to be paid with cash or with goods and services within a year called?
Wiki User
∙ 13y ago
That debt is generally called an "account(s) payable" but may be extended to a general "current liability" based on the contract between the creditor and the debtor.
Wiki User
∙ 13y ago
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Does a bank teller provide goods or services when they cash your check?
That is a service.
What is a cash operating cycle?
A Cash operating Cycle is the average time taken to acquire goods and services and convert them to cash in producing revenues
What is meant by pseudo-cash?
Pseudo-cash is almost money. That is, Pseudo-cash are items that can be traded for other goods or services. They are items that exhibit many or all of the characteristics of money.
What is another name for cash received for goods or services?
Depending on the company the terms may be... Revenue, Income, Sales
Journal entry for Cash purchase of goods?
cash purchase of goods: inventory (Debit) increased Cash in Hand (Credit) decreased with amount of total cost of Goods purchased
Does a bank teller provide goods or services when they cash your check?
That is a service.
What is the definition of Sales Realization?
The definition of sales realization is the conversion of goods, services, and assets into cash. These things are sold to receive cash or other goods.
What are realized revenues?
REALIZED REVENUE-A revenue transaction where goods and services are exchanged for cash orclaims to cash.
What is a cash operating cycle?
A Cash operating Cycle is the average time taken to acquire goods and services and convert them to cash in producing revenues
What is meant by pseudo-cash?
Pseudo-cash is almost money. That is, Pseudo-cash are items that can be traded for other goods or services. They are items that exhibit many or all of the characteristics of money.
What is the journal entry for purchasing goods on cash does goods account exist?
Debit goods purchasedCredit cashYes goods account is called "Inventory" account
What is another name for cash received for goods or services?
Depending on the company the terms may be... Revenue, Income, Sales
What is barter what is barter?
Hey, Barter is the way of trading goods/services in exchange for goods/services without involvement of money. have you heard about the barter trading? It is the simplest way to save your money and get the required services/goods without spending time & savings. Print Media Barter Service in Delhi giving the best printing services in exchange for other services or goods that can save your cash and you can also sell your inventory.
What is a good cash crop?
A cash crop is traded as a commodity. Cash crops are often grains, but they can be any number of crops such as wheat, rice, cocoa, or tobacco. The crop can readily be traded for cash or other goods and services.
Do countries still use barter system?
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
How does equipment affect cash flow?
Purchase or sale of equipment has direct relation with cash flows if the process is completed with cash that is, if equipment purchased with cash then it will reduce the cash and if equipment is sold in cash then it will increase the cash but if equipment is received or paid for goods or services then it has no direct impact on cash flow.
How to convert my call credit to real cash?
Unfortunately, it is not possible to convert call credit to cash. However, you can use your call credit to purchase goods or services from the provider or to pay for bills.
