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)
Net Sales / Average Accounts Receivable = Account Receivable Turnover
No, Accounts receivable are amounts due from customers for credit sales
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).
Yes , I guess
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)
Net Sales / Average Accounts Receivable = Account Receivable Turnover
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
No, Accounts receivable are amounts due from customers for credit sales
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).
Yes , I guess
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
i have the same question!
Net
net Accounts Receivable will be overstated.
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
By dividing accounts receivable by net sales and multiplying by 365 days.