Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif
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what is average account receivable
Account receivable is an asset
DateItemDebitCredit25-AprNotes Receivable$4,500Sales$4,50024-JunInterest Receivable$75Interest Revenue$7524-JunAccounts Receivable$4,575Notes Receivable $4,500Interest Receivable$75
Account receivable are usually currant assets that arise from selling merchandise or providing services to customer on credit . Accounts receivable are also known as trade receivable . receivable is the term that refers to both trade receivable and non trade receivable . By Mr safiullah Zarif
See, What will a retainer do.
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Account receivable is an asset
nontrade
Accounts Receivable
what is average account receivable
DateItemDebitCredit25-AprNotes Receivable$4,500Sales$4,50024-JunInterest Receivable$75Interest Revenue$7524-JunAccounts Receivable$4,575Notes Receivable $4,500Interest Receivable$75
Net Sales / Average Accounts Receivable = Account Receivable Turnover
Because accounts receivable is that amount which is receivable from customer due to sales of goods on credit.
commission receivable is credited
account receivable and inventory