Entry of bill recievable is: Bill Recievable A/c dr. To debtor
accounts in which money is owed.
debit accounts receivablecredit sales revenue
true
NO
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
An organization can have a tax recievable when it has paid a larger estimated tax the refund is put into recievable
Average gross accounts recievable is the beginning balance for accounts recievable and the ending balance for A/R divided by two.
accounts in which money is owed.
About 3-5%
False
NO
debit accounts receivablecredit sales revenue
true
it will increase your income and Accounts recievable
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable