An account receivable is the account used by a company to record money owed to them by a customer or other entity that will be paid in a short period of time, less than a year.
For example, a company sales a computer to a customer and the customer is going to pay the company in 30 days, the company records this transaction to accounts receivable and revenue (income).
When bad debt amount is recovered then it can be removed from accounts receivable as receivables.
When a note is received from a customer, it signifies a formal agreement for payment, typically with interest. The accounting entry involves debiting Accounts Receivable to decrease it, as the amount owed by the customer is now represented by the note. Simultaneously, Notes Receivable is credited to recognize the new asset created by the received note. This reflects the transfer from a more general account (Accounts Receivable) to a more specific one (Notes Receivable).
that means you can use your account
Account description varies from place to place. For instance, an account description for a gas account would mean the unique name that you create for each payment.
It is the name of the account holder
Accounts receivable - is fuel bought 'on account'. Those buying with this method are usually required to settle their balance at the end of each month.
When bad debt amount is recovered then it can be removed from accounts receivable as receivables.
before credit limit of the suppliers
When a note is received from a customer, it signifies a formal agreement for payment, typically with interest. The accounting entry involves debiting Accounts Receivable to decrease it, as the amount owed by the customer is now represented by the note. Simultaneously, Notes Receivable is credited to recognize the new asset created by the received note. This reflects the transfer from a more general account (Accounts Receivable) to a more specific one (Notes Receivable).
what does account durration mean when getting a loan
It could mean that you have typed the Youtube account in wrong, that the user has deleted their account, or that their account has been banned from the website.
what is mean by account
conduct of account
that means you can use your account
Added to your account.
It means to use 'this account' as your main account.
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