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What is the difference between Receivable and account Receivable?

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


How will a retainer work?

See, What will a retainer do.


How calculate accounts receivable turnover ratio?

the formula of calculating account receivable turnover = Net Sales/ average gross receivable


What is the nature of account receivable?

Account receivable is an asset


Is income tax receivable a trade receivable?

nontrade


What is the amount collectible from a customer?

Accounts Receivable


What are average accounts receivable?

what is average account receivable


Prepare general journal entries for the following transactions of this company for the current year?

DateItemDebitCredit25-AprNotes Receivable$4,500Sales$4,50024-JunInterest Receivable$75Interest Revenue$7524-JunAccounts Receivable$4,575Notes Receivable $4,500Interest Receivable$75


How do you calculate accounts receivable turnover rate?

Net Sales / Average Accounts Receivable = Account Receivable Turnover


Why is accounts receivable an assit?

Because accounts receivable is that amount which is receivable from customer due to sales of goods on credit.


Is commission receivable a credit or debit?

commission receivable is credited


Question about accounts receivable and inventory?

account receivable and inventory