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Accounts receivable is the payment of goods purchased today due in 30 days. It can also be called loans or allowances.

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What is the proper accounting entry for accrued liability?

WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.


What is accrued liabilities?

Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!


Do I have any rights against a company I did what they asked me to make good on my acct have proof they got the payment amount they asked for but came to my house today and repossessed my shed anyway?

yes you do if you have proof but you would have to have a lawyer


If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?

If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.


How do you send a letter to collect a debt for your business?

(Your Letterhead) (Address Element) (Date) RE: Account # _________________ Dear Mr. John Doe: This is just a reminder that your payment of $_________ has not been received by our collection office. If you forgot to mail us your payment, please send it today. If you have already mailed your check, please disregard this notice. Sincerely, Creditor Company (or name of business) ________________________________________________________________________________________________________________ (Your Letterhead) (Address Elements) (Date) RE: Account # _____________________

Related Questions

If late payment was to be paid today but wasnt can they reposses today?

if payment due today can it be repossed today


What is the proper accounting entry for accrued liability?

WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.


What is accrued liabilities?

Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are received (i.e. today) while the future payment obligation is treated as a liability (account payable) Example: accrued wages payable, accrued sales tax payable, and accrued rent payable, etc.Hope this helps!


Which type of money uses a delayed payment to purchase goods?

Paying for a drum set in six months and receiving the drum set today


Why will producing investment goods today cause different results for the future of the economy than focusing more one consumer goods today?

This is because the investment goods are able to generate more revenue and consumer goods in the future compared to focus on consumer goods that are generate today. : )


How do you write a payment letter transfer from company to a person?

We are remitted payment to you today, the balance is USD59,395.


How did Britten enforce taxing laws?

Pretty much the same way things are done today. Soldiers and officials would visit the individual and demand payment. If it was not forthcoming, they might seize goods and property to get the money.


Is paypal.com the leading online payment source?

Paypal is indeed still the leading online payment source. Google launched their own version of an online payment source to rival paypal called "Google Checkout" in 2006, though today in 2011 Paypal is still leading the way.


What is a investment?

In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.


What states today were in the land that Spain purchased in the 13 colonies?

Spain never purchased land in the thirteen colonies.


What is the most popular scanner purchased today?

avg 2012


You purchased a car last night can you return it today?

No. Buyer Beware.