me
it affects the sales tax payable and the accounts receivable.
Sales
No, Accounts receivable are amounts due from customers for credit sales
Increase in accounts receivable causes the reduction in cash because if sales are made on cash then there is no increase in accounts receivable and company receives cash which causes the increase in cash while accounts receivable not.
A corporation
it affects the sales tax payable and the accounts receivable.
Sales
selling business to business / companies handling only coporate accounts.
Sole Proprietoships and Corporations.
Be sure that after-sales services will continue
No, Accounts receivable are amounts due from customers for credit sales
Increase in accounts receivable causes the reduction in cash because if sales are made on cash then there is no increase in accounts receivable and company receives cash which causes the increase in cash while accounts receivable not.
The function of a sales department in a hotel is to attract or get business for the hotel. Sales managers often specialize in conventions, tours, or corporate accounts for the hotel.
A corporation
To keep records of the sales and purchases made by a business as well as it capitals. And to find out if the business is making a profit or loss.
When a customer charges merchandise, two accounts are affected: Accounts Receivable and Sales Revenue. Accounts Receivable increases, reflecting the amount owed by the customer, while Sales Revenue also increases, indicating the income generated from the sale. This transaction reflects the company's right to receive payment in the future while recognizing the sale has occurred.
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)