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Accounts Receivable

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12y ago

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Related Questions

What is an amount collectible from a customer?

The amount collectble is the past due or total balance due, plus costs, interest, and fees permitted by the contract or agreement.


Is customer will get return his invested amount?

Is not known yet is customer is getting return 'is investment amount.


Is a 1956 Ford Truck considered a collectible?

The 1956 Ford Truck is in fact considered a collectible. The reasons for that is the small amount of produced Ford cars in 1956 and the even smaller amount of cars that are still remaining today.


Due from customer in accounting is it asset or liabilities?

Due from customer is asset for business as it is due to sale of goods to customer and if customer already paid the amount then that amount would be included in balance sheet.


Accounting treatment for customer advanced deposit?

Its a liability, an amount your company owe to that customer.


What do you do when a customer was given the wrong amount of change?

appoligize and give correct amount


Is a customer deposit a current liability?

Yes, customer deposits is that amount which is received in advance for the services in future.


Value of an 1878 German gold coin?

I think it is rather expensive as it is a collectible year and not many made with that amount of gold.


What is A customer's account is deemed to be uncollectible. Accounts receivable should be?

When a customer's account is deemed uncollectible, it should be written off from accounts receivable. This involves removing the amount owed from the balance sheet and recognizing it as a loss in the income statement. This process helps ensure that the financial statements accurately reflect the company's collectible assets. Additionally, it may trigger a review of credit policies and collection practices to prevent future occurrences.


Court ordered child support is in arrears. child quit college. what happens to the unpaid arrears amount?

It's payable and collectible.


What is exemplification in an employee relationship?

Giving your customer the right amount of change.


What is the recommended amount of time to leave a customer on hold?

20 seconds.