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Why use a nickname for your payment accounts?
What else can I help you with?
A delay in the payment of accounts payable?
A firm would delay the payment of Accounts Payable because they could use the money to invest in short term investments and earn some return
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What accounts record the payment of the interim dividend?
surinder's accounts
Responsible for payment?
The Accounts Payable clerk is responsible for providing payment on an account.
Payment on a portion of Accounts Payable will?
decreases the liability.
What is the debit side of an accounts receivable?
payment from customers
When is a payment received from accounts receivable?
A payment from accounts receivable is typically received when a customer settles their outstanding invoice for goods or services provided on credit. This can occur at the agreed-upon payment terms, which may range from immediate payment upon receipt to net 30 days or more, depending on the terms of the sale. Once the payment is processed, it is recorded as a reduction in accounts receivable and an increase in cash or bank balance.
What account is credited when a payment is received from a customer?
Accounts receivable
What is Royalty Accounts?
a payment made for the use of property, especially, patent, copyrighted work franchise, or natural resource. the amount is usually a percentage of revenues obtained through its use...
What is an increase in Accounts Payable?
An increase in Accounts Payable means that the company has received more invoices that are due for payment.
When services are rendered but payment is not made which account would be increased?
Accounts payable
How do you pass entry for payment received from debtors in journal as well as in payment?
debit cash / bankcredit accounts receivable
