Want this question answered?
Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).
There is an ADA account, however ADA stands for Allowance for Doubtful Accounts, you use the term "undoubtful". Unless you mean "doubtful" accounts there are no terms for undoubtful ones, undoubtful meaning "having no doubt". ADA is the account used by a company in which they usually allow a certain percentage of sales to cover those accounts they don't expect to receive payment for. In other words people who order on credit and then don't pay.
When an accountant says that an amount is understated, it means two things:1. The amount is not the correct amount, and2. The amount is less than the true amount. In other words, the amount is too small.To illustrate the term understated, let's assume that a company is reporting its accounts payable as $21,000. Let's also assume that the correct or true amount of accounts payable is $23,000. An accountant will say that the reported amount of $21,000 is understated by $2,000.
a provision is set up to give discounts to debtors who settle accounts early. as the company are not receiving the full debt they have a provision in place in this eventuality. This is seen as an expense to the business and brings the amount the debtors down. In other words dr P&L and Cr debtors in balance sheet
You check for accuracy and correctness because it makes it easier for someone to understand you. When you use correct grammar, you make it easier for people to understand your ideas. Correct spelling helps people know what word you are using. You may know what word you meant with your misspelling, but a lot of other people will not. If people have no idea what you want, how can they give it to you? Fortunately, word processors have spell checkers. The first thing you do when you type anything into a computer is spell check it. Spell checkers are not totally accurate. You will need a dictionary. You will need to add new words when you are sure you have spelled them correctly. When all of the words in a sentence are spelled correctly, use a grammar checker. Grammar checkers are not as good as spell checkers. Still, use them. The grammar checker on this computer dislikes beginning a sentence with a relative clause. Then after you have written and checked each sentence, read the entire document aloud. See if it makes sense. Assume you are writing a cover letter for a job. Can you describe your strengths and ability to do the job so the personnel manager receiving the letter will understand it. Will he want to interview you?
In the middle of a sentence, you don't capitalize second floor.
No.
No they shouldn't be capitalized.
No, you would not capitalize either word in this sentence
The way you capitalize other words. If it's at the beginning of a sentence it should be capitalized. If it's not then it shouldn't be capitalized.
You underline or italicize them.
No, starvation should not be capitalized.
Only capitalize 'spelling' if it is the first word in a sentence.
In most quotations you should capitalize the first word and the other words necessary; as in any other regular sentence. There is no need to capitalize most words just because they are in quotations.
Proper nouns
You simply capitalize the "am" as you would any other word at the beginning of a sentence. For example, "Am I late?"
Unless they are proper nouns or begin a sentence, no.