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What is meant by NET-ENR in credit card business?
expected Net receivable
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
How do you calculate net accounts receivable?
should accounts revceivable (net) bedeleted out Not sure what the first answer is saying, but net accounts receivable is total accounts receivable less allowance for doubtful accounts (accounts you think are not going to pay you)
How calculate accounts receivable turnover ratio?
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
What is the effect on the balance sheet when the allowances for bad debts are not established?
When there is credit risk in accounts receivable, the amount that is expected to be uncollectible needs to be subtracted from accounts receivable (resulting in net accounts receivable). In case there is no such allowance created, accounts receivable is overstated. As a result, equity is overstated as well (since there are no expenses booked to create the allowance). Thus, not including the allowance leads to overstated assets and overstated equity.
What is the formula for calculating net account receivable?
Net Accounts Receivable is found by subtracting the "noncollectable" amount in AR from the balance. Also referred to sometimes as ADA (allowance for doubtful accounts).
Do account receivable need to plus with net income to get net account receivable?
No, Accounts Receivable is not added to net anything. Net income is the "net" amount of all income. Accounts receivable is not considered "INCOME" until it is actually "received". Net income is something you've already received, not something you will receive in the future (as is accounts receivable).Net Receivables is defined as: The total money owed to a company by its customers, minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage; the higher the percentage, the more money a company is able to collect from its customers and the better off the company is.Read more: http://www.investopedia.com/terms/n/netreceivables.asp#ixzz1tv4KQSMLThe Equation is Account Receivables - Allowance for Bad Debts
Does Accounts Receivable have a negative effect on Net Cash?
Yes , I guess
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
What is the accounts receivable term for the average time it takes your customers to pay you?
Net
Are notes receivable liability?
NO, notes receivable is an asset and are listed as such. A receivable is something the company expects to collect over time, account receivable is the account used for accounts that will be paid for in a year or less, while a note receivable is used for ones that are expected to take over a year to pay. Both Accounts receivable and Notes receivable are assets and are listed on the Balance Sheet as such. (GAAP)
What is loans receivable?
The expected payment of a loan, it is an asset account. When you loan money you debit loans receivable and credit cash (both assets) When you receive the payment for the loan you debit cash and credit loans receivable.
