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What happens when accounts receivable stays the same and credit sales go up?
the company is collecting accounts receivable amount equal to the increase in credit
How is accounts receivable effected by credit sales?
Any sales on account (aka credit sales) will increase accounts receivable by the same amount. The journal entry for this would be: Account Receivable (debit) Sales (revenue) (credit)
Double entry on accounts receivable?
As an asset account, the accounts receivable (Sales Ledger Control) build up the debit side. So: First off, sales are credited the amount then the receivable account is debited the same amount. Once payment has been made then accounts receivable is credited and the bank is debited.
If accounts receivable stays the same and credit sales go up what happens?
can't happen man. When u sell on credit accounts receivable have to go up because you are getting paid in the future.
Why paying off accounts payable and collecting accounts receivable do not affect net income?
i have the same question!
Is debtor the same as accounts receivable?
yes
Do debtors and accounts receivable mean the same thing?
No. A debtor is someone who owes money, and the debt is the money he owes. An account receivable is an amount of money due to a business arising in the course of the business. Accounts receivable are debts and the people who are bound to pay them are debtors. However, debts can arise in circumstances that have nothing to do with the operation of a business. In such a case, the term "account receivable" which is only applicable to business accounting does not apply. The money owed is a personal debt.
Is bankruptcy and a county court judgment the same thing?
when automatic stay is lifted what can occur to the debtor?
Are the twin towers and The World Trade Center the same thing?
yes they are the same thing
Is installment accounts receivable and aging of accounts receivable the same thing?
Installment Accounts Receivable means that a customer agree to pay on monthly basis over a period of time will make "installments" that is going to be debited to the A/RAging Schedule of accounts receivable, is the behavior of the Accounts Receivable over the time from when the accounts are on; due date, 30 days, 60 days, 90 days, 2 years, etc. you can measure how much time takes to collect your A/R.They are similar concepts but are not the same
How do you trade on our world.com?
i have been wondering the same thing!
Are trade and commerce the same?
As abstract nouns they refer to the same thing; the latter is borrowed.
What rights does a debtor have in a trust deed?
A deed of trust is used in North Carolina in place of a mortgage. It is now the same thing. At one time it was not.
Which word is the same thing as trade?
It depends how you mean the word.For trade as in one's life work:BusinessCareerJobProfessionWorkFor trade as in exchange goods or services:BarterExchangeSwap
Shoul you trade in your sapphire to get an emerald at gamestop?
no ther the exact same thing
Is the game-stop trade credit the same thing as store credit?
Yes
Can you trade your ipod touch for the nano-chromatic?
no. if your ipod doesnt work then you trade it into the apple store for the exact same thing you had.
