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sales and accts. receivable
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∙ 15y ago
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When services are sold on account?
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
What services does BBandT Bank offer to account holders?
BB&T Banking Services offer a variety of common services for their account holders. This includes banking accounts, mortgage services, and safe deposit boxes. Premier account holders get even additional benefits for being a premier member.
What services can be accessed using RBC Bank online?
The services that can be accessed using RBC Bank online include logging into your account, checking your account balance whether in your savings account or checking account, along with asking questions with an employee online.
What is the difference between periodic and perpitual inventory system?
Periodic Inventory System Inventory account and cost of goods sold are non-existent until the physical count at the end of the year. Purchases account is used to record purchases. Purchase Return account is used to record Purchases Returns account. Cost of goods sold or cost of sale is computed from the ending inventory figure For goods returned by customers there are no inventory entries. Perpetual Inventory System Account and the balance of costs of goods sold and inventory account exist all the time. No individual purchases account but the purchases are recorded in the Inventory Account. No individual Purchase Returns account but the purchases return are recorded in the Inventory Account. Record cost of goods sold/cost of sale - inventory is reduced when there is a sale. Returns from customers are recorded by reducing the cost of goods sold and adding back into inventory.
What services are available from Wachovia online?
The services that are available from Wachovia online are financial services. These financial services can be personal or business related and the sites allows you to access your account online.
When services are sold on account?
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
What accounts are affected when services are provided on account?
Accounts Receivable - Debit Service Revenue - Credit
What does sale on account mean?
A sale "on account" would usually refer to a transaction where goods or services are transferred (sold) to a customer (buyer) on credit terms (to be paid for later at a specific time).
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
Which is correct the affected account or the effected account?
Affected account Affect mean something made it happenEffect means something already happen
How is the value of a dagger affected if it was sold or traded?
no
Services rendered in accounting is what account?
revenue account
How can you stop your Gmail account?
You can delete you Gmail account by Going to Google, Clicking on "Account Settings", Then Clicking on "Edit Services" and then Selecting, "Delete my account and all services associated with it".
How do you cancel an Gmail account?
You can delete you Gmail account by Going to Google, Clicking on "Account Settings", Then Clicking on "Edit Services" and then Selecting, "Delete my account and all services associated with it".
What is gasoline sold by?
At the pump station services Gasoline is sold by the gallon.
What is an account receivable?
account receivables reflects those amount which the company has sold and payment for that sold items has not yet recieved so that amount will be booked as account recievables
What are the steps of business transaction analysis?
1. Identify the accounts affected 2. Classify accounts affected. 3. Determine the amount of increase of decrease for each account affected. 4. Which account is debited? For what amount? 5. Which account is credited? For what amount? 6. What is the complete entry in the T account form?
