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A firm has a days sales outstanding of 40 days and its annual sales are 7300000 what is the accounts receivable balance?
Wiki User
∙ 10y ago
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
Wiki User
∙ 10y ago
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Accounts receivable is decreased with a?
Accounts receivable is decreased with credit balance or by receiving the cash from customers.
What is rentention on an Account receivable aging?
An accounts receivable aging report summarizes your receivables on their age - how long they have been outstanding. So all the unpaid invoices posted in the past month are current, all the unpaid...The accounts receivable aging schedule is a listing of the customers making up your total accounts receivable balance.
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Does accounts receivalbe carry a credit or debit balance?
Accounts receivable is an asset of company and like all other assets accounts accounts receivable also has debit balance.
Does accounts receivable normally have a credit balance?
no
Outstanding Accounts receivable have a negative effect on net cash on the balance sheet?
Outstanding accounts receivable have a negative effect on the balance sheet because they money has not been received and the budget is not balanced. There is more outgoing cash than there is incoming cash until the accounts are settled.
What is an aged Trial Balance?
Shows accounts receivable trial balance with age of outstanding amount.. Usually 30/60/90 etc days outstanding
On the trial balance sheet AR is what?
AR related to accounts receivable in trial balance sheet of business.
Accounts receivable is decreased with a?
Accounts receivable is decreased with credit balance or by receiving the cash from customers.
What is rentention on an Account receivable aging?
An accounts receivable aging report summarizes your receivables on their age - how long they have been outstanding. So all the unpaid invoices posted in the past month are current, all the unpaid...The accounts receivable aging schedule is a listing of the customers making up your total accounts receivable balance.
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Can accounts receivable normally have a debit balance?
Accounts receivable in an asset account and normally maintains a debit balance. So the answer is Yes.
Does accounts receivalbe carry a credit or debit balance?
Accounts receivable is an asset of company and like all other assets accounts accounts receivable also has debit balance.
Accounts receivable are reported on the balance sheet at?
Accounts receivable shown in balance sheet at assets side under current assets section.
Accounts receivable is under what statement?
Accounts receivable is a benefit receivable in future time that's why it is recorded in balance sheet of company
Does accounts receivable normally have a credit balance?
no
Where do accounts receivable go on the balance sheet?
Paid accounts receivable appears on a balance sheet, to the extent that the amounts paid are deducted from the accounts receivables balance and added to the bank account. Therefore, the effect on the balance sheet would be as follows: decrease in asset- accounts receivables increase in asset- Cash
