0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is accounts recievable a current liability?
Accounts receivable is a current asset, never a current liability.
Is accounts recievable an asset account?
Accounts receivable is that amount which is creates due to sales to customers on credit and used instead of cash from customer that's why it is current asset.
What is the meaning of the word accounts recievable?
accounts in which money is owed.
Bill recievable and bill payable journal entries?
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
What will the journal entry of accounts recievable?
debit accounts receivablecredit sales revenue
Is accounts recievable a current liability?
Accounts receivable is a current asset, never a current liability.
Is accounts recievable an asset account?
Accounts receivable is that amount which is creates due to sales to customers on credit and used instead of cash from customer that's why it is current asset.
What is average gross accounts receivable?
Average gross accounts recievable is the beginning balance for accounts recievable and the ending balance for A/R divided by two.
What is the meaning of the word accounts recievable?
accounts in which money is owed.
Bill recievable and bill payable journal entries?
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
What will the journal entry of accounts recievable?
debit accounts receivablecredit sales revenue
What is net trading?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
What is assets trade?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
What is net trading assets?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Can you deduct your unsecured debt from bank accounts when applying for government benefits?
No, There are assets and liabilities. An unsecured loan is a liability that does not offset an asset.
In quickbooks an accounts recievable report summarizes sales by items?
False
What is the asset-offset of an accounts receivable?
Yes. Accounts receivable, or receivables for short, represent a financial obligation to the organization and are represented on the asset side of the balance sheet.Generally yes, most of your accounts receivable will be listed as a current asset. To make sure however remember the rule of current assets. Current assets are anything that can be turned into "cash.Accounts receivable is considered a short term asset.
