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One way of reducing operating cash requirements is by speeding up accelerating collection of receivables . This may be effected byshortening credit terms and offering special discount to customer who settle their accounts within a specified period.
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What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
Will the collection of an accounts receivable increase the total assets of a business?
No
An acceleration in the collection of receivables will do what to the accounts receivable turnover?
increase
Is sales the driving force for accounts receivable?
yes the sales will drive the main steam in the account receivable because when the sales happen the account receivable collection attampt will start
What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
What is the journal entry for collected on account 1200?
Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account
An acceleration in the collection of receivables will do what to the accounts receivable turnover?
increase
Will the collection of an accounts receivable increase the total assets of a business?
No
Is sales the driving force for accounts receivable?
yes the sales will drive the main steam in the account receivable because when the sales happen the account receivable collection attampt will start
If the accounts receivable turnover ratio is decreasing what will happen to the average collection period?
Avg Collection Period increases.
Does collection on account receivable increase both cash and accounts recievable?
NO
What is this no 1-800-278-7172?
A collection agency: Accounts Receivable Technologies
What is the accounting entry for collection of an Accounts receivable written off?
writtenoff A/C Dr. To Accounts Receivable Cr. (or) (To sundry Debtors A/c ) Cr.
Collection of a 600 accounts receivable?
If you're speaking $600 money received for an account receivable, the entry is Debit to Cash for $600 Credit to the appropriate AR for $600
What relationship exists between the average collection period and accounts receivable turnover?
kjihihiiuhij
What is journal entry if you received check under collection?
debit cheque under collectionCredit accounts receivable
