Accounts Receivable

its called the spread

An application package is a set of computer programs which perform the basic function of enabling the end user of the computer to perform their required tasks on the computer in a productive manner, for example the word processor package will enable the user to type, print and store documents in their computer in a manner they appreciate and understand.

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Massage does help if you have vasculitis in your feet. Massage helps with pain relief and to increase circulation. It also helps with stress relief.

There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.

The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.

Depreciation

Departmentation is a very impoartant process. Koontz and O'Donnel defines departmentation as, " a process of dividing the large monolithic functional organization into smaller and flexible administrative units."

The success of the enterprise can be understood on the basisi of these aspects including:

1. Developement of Managerial skills

2. Fixation of Responsibilities.

3. Manageable units establishments.

4. Budgeting faciliated.

only those transactions which can be measured in terms of money are recorded.Since money is the medium of exchange and the standard ecnomic value, this concept requires that those transactions alone that are capable of being measured in terms of money be only be recorded in the books of accounts

All businesses, especially for-profit businesses, use invoices. In US payroll services, invoices are sent by contractors or consultants -- non-employee workers, whose income is then reported by way.to know how much money they have

You would want to have a clear copy of the invoice for both yourself and the customer. The better quality carbon paper will give you a clear copy. Otherwise, if what you write on the invoice..

Bills. Accounts payable is money we pay for services and/or equipment. It's usually a negative toward the equity unless it is a payable for a net asset.

Since its on the left side of the basic account equation of assets= liabilities + equity its normal balance would be a debit

Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable

Average Colection period: Accounts Receivables divided by Average daily credit sales

Other than the fact that one is an asset and the other a liability, this is how each are broken down.

A current asset is any asset that can be turned into cash with-in a reasonable amount of time (i.e. cash, supplies, inventory, etc.) This can include some (but not all) accounts receivable. If the account can be reasonably expected to be paid within an accounting period, it is considered a current asset.

A current liability is any debt owed that can be reasonably expected to be paid off in 12 months or less (or one accounting period).

true but i don't know why?

yes

characteristics of close corporation

The term "liquidity" is commonly used; however, "solvency" is probably a more accurate term.

its issued at the end of the month

Out of current assets

If stock means investment in stock of other company then yes it is fianancial asset for business.

The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.

$500,000