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What is the nature of account receivable?
Account receivable is an asset
What are the entries for an advance invoice on accrual basis?
Well as far as I am concerned i think an advance invoice should be entered as accuont receivable with a liability or deferred revenue account.
What are average accounts receivable?
what is average account receivable
What is the accounting entry for booking temporary restricted funds that are pledged and as the pledge payments are received how do I book those and release the temporary restriction?
This process is simple and has four basic steps. While the names of the accounts may change based on how you want to track the information, the account types should be as outlined below: 1. Pledge is made - Debit "Pledges Receivable" (Accounts receivable) and Credit "Deferred Revenue" (Liability). 2. Pledge is received - Debit "Cash Account" and Credit "Pledges Receivable" 3. Funds are released for designated purpose - Debit "Deferred Revenue" Account and Credit appropriate revenue account for the amount being released 4. Funds are used for designated purpose - Debit Expense or Asset account and Credit Cas Account
Is bills receivable real account?
Bills receivable is a real account. When acceptance is received, Bills receivable account is debited (debit what comes in). When the bill is discounted or returned to acceptor at the time of maturity, Bills receivable account is credited (credit what goes out).
Question about accounts receivable and inventory?
account receivable and inventory
What is account receivable based on?
Account Receivable financing is base on PDCs, sales invoice, delivery receipts.
What is commonly used to determine if you should give customers account receivable account?
after a sale to an Account Receivable is miscreants is sent to the customer?
What is commonly used to determine if you should give customers an Account receivable Account?
after a sale to an Account Receivable is miscreants is sent to the customer?
What is the difference between Receivable and account Receivable?
Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif
What type of account is the rent receivable account?
Revenue account
Definition of accounts receivable?
account receivable is the money that owed the business
