The answer is R
R/USSGL 425200
Revenues are recorded when the sale transaction is complete, not when the customer makes payment, but management must then estimate what proportion of those credit sales will not be collected in the future.
Filled Customer Orders Collected "R"
Real Accounting:Dr - What comes inCr - What goes outExamples of this kind of transaction include cash/bank and rent.Personal Accounting:Debit is the receiver.Credit is the giver.An example of this kind of transaction is Vendor/Customer relations.Nominal Accounting:All gains and income are credit.All losses and expenses are debit.An example of this kind of transaction is sales and/or purchases.
Its a liability, an amount your company owe to that customer.
R/USSGL 425200
Revenues are recorded when the sale transaction is complete, not when the customer makes payment, but management must then estimate what proportion of those credit sales will not be collected in the future.
Filled Customer Orders Collected "R"
Filled Customer Orders Collected "R"
Cash basis accounting is the method of tracking finances at the time that cash is exchanged. So, when a customer pays you cash, you would record the transaction; when you pay for your expenses with cash, you would record the transaction. Cash basis differs from ACCRUAL BASIS accounting, which tracks the funds based on when the transaction created a debt. So, in accrual accounting, you would record a transaction when you issue an invoice (requiring payment) because ACCRUAL accounting recognises this invoice as an asset, even though it has not yet been realised. Similarly, when you receive a bill from a client or utility, that bill (in accrual accounting) is recorded as a debt, even though it has not yet been paid. So CASH ACCOUNTING and ACCRUAL ACCOUNTING differ in the TIMING of the record of when the transaction is paid - at time of exchange of cash/funds or at time of notice of requirement to pay. - Xavier
Unique Identifier
Customer expectation is the level of quality and/or service wants before the commercial interaction or transaction occurs. While customer satisfaction is how the customer feels after and regarding the interaction or transaction.
Real Accounting:Dr - What comes inCr - What goes outExamples of this kind of transaction include cash/bank and rent.Personal Accounting:Debit is the receiver.Credit is the giver.An example of this kind of transaction is Vendor/Customer relations.Nominal Accounting:All gains and income are credit.All losses and expenses are debit.An example of this kind of transaction is sales and/or purchases.
unique identifier
the customer service before a transaction, i.e walking into mcdoanlds the customer service before a transaction, i.e walking into mcdoanlds
unique identifier!!
Its a liability, an amount your company owe to that customer.