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What is an A R account that will never be paid considered to be?
Wiki User
∙ 10y ago
bad debt
Wiki User
∙ 10y ago
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When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
Is allowance for bad debts a credit or debit balance?
It is a DEBIT balance. under no circumstances will this account be a credit balance because essentially you are setting aside money to cover A/R that will never be recieved.
What is a sale to an account receivable customer is made?
After a sale to an A/R Customer is made
Do accounts receivable appear on an income statements?
No, A/R is a balance sheet account.
What is contra account?
A contra-account is a sub-account or a related account that normally has the opposite balance, thereby reducing the balance of the main account. For example, Reserve for Bad Debts is a contra-account to Accounts Receivable. A/R normally has a debit balance while the reserve normally has a credit balance.
How do you unsuspend mig33 account?
never open mig33 more time at one day.and never open many tabes in mig33. After suspension of your mig33 account you have to wait for 1 hours.and if u r suspended from group or chat rum u have 2 wait 1 hour
Types of cheques in India?
Based on the location cheques are classified as 1. Local & 2. Outstation cheques Based on its value they are classified as 1. Normal & 2. High Value cheques Cheques r mainly of four types 1)open 2)bearer 3)order 4)crossed 1) open cheques r those which r paid across the bank counter 2) bearer cheque are to be paid to the bearer of the cheque 3) order cheque is to be paid to the payee in person 4) crossed cheque to be paid to the payee's account on submission
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ok...what u need 2 do is make an account with a fake name, whenever u get on, delete the history when u r done, and never, i repeat NEVER, get on when ur parents r home!!!!hope i helped!!! :)LIE LIE LIE LIE LIE!!!!
Why are accounts receivables inevitable?
Because few going concerns are paid the moment someone buys their product. The customers are billed at certain times during the month and if paid the amount in A/R will go down and cash will go up. The purchase is reflected on the customers balance sheet as an Account Payable which will go down when the supplier is paid. They no longer owe money for their purchase. Their cash account will go down as well because they had to take the money out to pay the supplier.
How many numbers in an American bank account?
there r 10 digits in an aamerican bank account
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
Bad Debt expense that was eventually paid by the customer How do you reverse the Bad Debt expense in QuickBooks?
Debit A/R and credit your allowance for uncollectibles account whatever the amount was to reinstate the amount previously written off. Then you'll debit cash and credit A/R to record cash collected from the customer.
How do you delete an account in Linux?
userdel -r or manually
Why is the Correlation Coefficient R squared and not just R?
R is used to determine whether the relationship is positive or negative based upon the sign of R. R^2 is the predictive percent of behavior in the output that can be explained by the input. R^2
What is the highest paid job for teens?
I-N-C-O-R-R-E-C-T
Do toy r us get paid Weekly?
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