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Human resource accounting usually involves the management of payroll, benefits and bonuses. Accounts receivable and accounts payable are usually handled by the operations department.
No
Well organized department
the schedule of accounts receivable shows
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The accounting department in the hotel is responsible for all accounts receivable and accounts payable. They are responsible for balancing the books and making sure everything passes audit.
Human resource accounting usually involves the management of payroll, benefits and bonuses. Accounts receivable and accounts payable are usually handled by the operations department.
No
Well organized department
An operations department typically attends to the administrative, logistical and other duties that are necessary for an organization's day-to-day functioning (operations). They're the people responsible for producing whatever it is that the other department sells (sales and marketing) or accounts for (finance).
the schedule of accounts receivable shows
the schedule of accounts receivable shows
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Accounts receivable and accounts payable are usually the two departments associated with this. The tax department probably oversees accounting in all aspects.
It is basically deducting the allowance for doubtful accounts from the total accounts receivable.
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111