Describe the data which will be used to prepare the account receivable aging report
Account receivable is an asset
Aging accounts receivable helps determine which customers owe you and for how long, which makes it easier to determine whether a customer needs just a simple reminder or needs their account to be written off as bad debt. In doing so, you can effectively determine who to be wary of lending to and who you can trust to repay you in an orderly fashion...
what is average account receivable
Yes, it is based upon the principle that the longer an account is overdue, the higher is the risk of nonpayment.
Describe the data which will be used to prepare the account receivable aging report
Account receivable is an asset
Aging accounts receivable helps determine which customers owe you and for how long, which makes it easier to determine whether a customer needs just a simple reminder or needs their account to be written off as bad debt. In doing so, you can effectively determine who to be wary of lending to and who you can trust to repay you in an orderly fashion...
what is average account receivable
Yes, it is based upon the principle that the longer an account is overdue, the higher is the risk of nonpayment.
Bills receivable is a real account. When acceptance is received, Bills receivable account is debited (debit what comes in). When the bill is discounted or returned to acceptor at the time of maturity, Bills receivable account is credited (credit what goes out).
account receivable and inventory
Account Receivable financing is base on PDCs, sales invoice, delivery receipts.
after a sale to an Account Receivable is miscreants is sent to the customer?
after a sale to an Account Receivable is miscreants is sent to the customer?
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
Revenue account