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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.
What needs to happen when the customer pays on the account?
When a customer pays on an account it needs to be documented immediately and if paying in person a receipt of payments needs to be given to the person who is paying.
What needs to happen when a customer pays there account?
issue a receipt
What needs to happen when a customer pays their account in account receivables?
debit revenue and credit receibables
What needs to happen in accounts receivables when a customer pays their account?
debit revenue and credit receibables
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
What payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What is a payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What journal entry when customer pays account?
[Debit] cash / bank [credit] accounts receivable
What journal entry happens when customer pays account?
Debit cash / bankCredit accounts receivable
What is the journal entry for when a customer pays their account?
[Debit] cash / bank [credit] accounts receivable
Is the customer the person who pays?
Yes, the customer pays
