After a sale to an A/R Customer is made
after a sale to an Account Receivable is miscreants is sent to the customer?
Sundry Debtors
an asset
Accounts receivable is the money that is owed to a company by its customers. AccountsReceivable is included in the asset column on a balance sheet. Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.
Debit the account that is receiving the cash and credit the account that the cash is coming from. Because debits always equal credits, every transaction (including a deposit) must have equal debits and credits. For example, if you are depositing $100 received for a sale, debit the checking account and credit the revenues or sales account. If you are depositing $100 that was received from a customer to pay off an accounts receivable, then debit the checking account and credit that customer's account in accounts receivable.
Sundry Debtors
after a sale to an Account Receivable is miscreants is sent to the customer?
after a sale to an Account Receivable is miscreants is sent to the customer?
after a sale to an Account Receivable is miscreants is sent to the customer?
after a sale to an Account Receivable is miscreants is sent to the customer?
an asset
Sundry Debtors
When a sale is made to a customer on credit, it creates an AR which is classified by the company as an accounts receivable.
Accounts receivable is the money that is owed to a company by its customers. AccountsReceivable is included in the asset column on a balance sheet. Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.
Debit the account that is receiving the cash and credit the account that the cash is coming from. Because debits always equal credits, every transaction (including a deposit) must have equal debits and credits. For example, if you are depositing $100 received for a sale, debit the checking account and credit the revenues or sales account. If you are depositing $100 that was received from a customer to pay off an accounts receivable, then debit the checking account and credit that customer's account in accounts receivable.
[Debit] Accounts Receivable xxxx [Credit] Sales account xxxx
account receivable