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The amount collectble is the past due or total balance due, plus costs, interest, and fees permitted by the contract or agreement.
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∙ 10y ago
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Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
Is a customer deposit a current liability?
Yes, customer deposits is that amount which is received in advance for the services in future.
Definition of unearned income?
Amount which is reveived in advance from customer for goods but goods are not actually sold to that customer until some future period.
What needs to happen in account receivable when a customer pays their account?
When a customer pays their account, the account receivable department needs to put the amount of the payment into the computer. A receipt should also be sent to the customer.
A customer brings in an item for refund The price on the item is 4.80 and the tax is 5 percent How much including tax should the cashier refund to the customer?
The refund amount would be 5.04
What is the amount collectible from a customer?
Accounts Receivable
Is customer will get return his invested amount?
Is not known yet is customer is getting return 'is investment amount.
Is a 1956 Ford Truck considered a collectible?
The 1956 Ford Truck is in fact considered a collectible. The reasons for that is the small amount of produced Ford cars in 1956 and the even smaller amount of cars that are still remaining today.
Due from customer in accounting is it asset or liabilities?
Due from customer is asset for business as it is due to sale of goods to customer and if customer already paid the amount then that amount would be included in balance sheet.
What are the uses of customer profitability analysis?
To analyze the amount of profit a customer is making.
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
What do you do when a customer was given the wrong amount of change?
appoligize and give correct amount
Is a customer deposit a current liability?
Yes, customer deposits is that amount which is received in advance for the services in future.
Value of an 1878 German gold coin?
I think it is rather expensive as it is a collectible year and not many made with that amount of gold.
Court ordered child support is in arrears. child quit college. what happens to the unpaid arrears amount?
It's payable and collectible.
What is exemplification in an employee relationship?
Giving your customer the right amount of change.
What is the recommended amount of time to leave a customer on hold?
20 seconds.
