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How can pass sundry creditors journal entry?
Purchases A/c -Dr 5000 To Sundry Creditors 5000
Does the increase in accounts receivable increase cash flow?
No, if your accounts receivable is increasing then you are not collecting cash in from your debtors as quick as you are raising invoices to them therefore your cash flow is decreasing due to trapping working capital in debtors
What is the general ledger journal entry for a refund?
Cash a/c to debtors a/c
Examples of current asset?
Examples of current assets are cash(in hand or at bank),
What are the components of current assets?
The components of current assets are creditors, cash, debtors and stock.
What is cash credit limit and bank guarantee limit in contract documents for construction works by contractor?
for the purpose of business working capital bank sanction against property and stock+debtors-credit = cash credit
How can pass sundry creditors journal entry?
Purchases A/c -Dr 5000 To Sundry Creditors 5000
Does the increase in accounts receivable increase cash flow?
No, if your accounts receivable is increasing then you are not collecting cash in from your debtors as quick as you are raising invoices to them therefore your cash flow is decreasing due to trapping working capital in debtors
What is the journal entry for a cash purchase?
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
What is the general ledger journal entry for a refund?
Cash a/c to debtors a/c
How do you calculate average trade debtors?
Average trade debtors average the number of days required for a company to receive payment from its customers. A large number means that a company must invest more cash in its unpaid accounts receivables, and a smaller number means that more cash is being made available for other uses.
Examples of current asset?
Examples of current assets are cash(in hand or at bank),
What are the components of current assets?
The components of current assets are creditors, cash, debtors and stock.
4 aspects to cash inflow to a business?
Sales - amount to be received from selling good or service. ■ Cash from debtors. ■ Capital. ■ Lone from bank.
What is the difference between a credit limit and a cash advance limit on a credit card?
A credit limit is the maximum amount you can spend on your credit card for purchases, while a cash advance limit is the maximum amount you can withdraw as cash from your credit card.
How do you record loan proceeds using cash basis acctg Debit Cash and Credit what?
If cash is received from debtors then accounts receivable will be credited otherwise to whom it is received will be credited.
What is the difference between a cash advance limit and a credit limit on a credit card?
A cash advance limit is the maximum amount of cash you can withdraw from your credit card, typically lower than the credit limit. The credit limit is the total amount you can spend on purchases using the card.
