What is an accounts receivables?, Accounting Basics

Assignment Help:

Money owed by a business enterprise for merchandise bought on open account. It is also known as  "A/R" or just "Receivables". Accounts Receivable is the quantity owed to a company by its customers and/or employees.

 


Related Discussions:- What is an accounts receivables?

Invetory, beginning inventory,purchase,and sales data for commodity A are a...

beginning inventory,purchase,and sales data for commodity A are as follows november 1 inventory 1500units @k20.00 2 sold 5000unit @ 40.00 12 purchase 10000 units @22

Explain about percentage of completion method, Q. Explain about Percentage ...

Q. Explain about Percentage of completion method? The percentage-of-completion method makes out revenue based on the estimated stage of completion of a long-term project. To ca

Determine the terms of recording sales of merchandise, Determine the terms ...

Determine the terms of Recording sales of merchandise The SALES ACCOUNT is a temporary account with a normal credit balance. It's ONLY used to record sale of merchandise on

Determining entries for January, Received $170,000 cash from Electronic Art...

Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.

Show approximation of periodicity, Q. Show Approximation of periodicity? ...

Q. Show Approximation of periodicity? Approximation and judgment because of periodicity To offer periodic financial information accountants must often estimate expected uncolle

A bond sinking fund investment is started on january 5, A bond sinking fund...

A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec

Explain weighted-average inventory, Q. Explain Weighted-average inventory? ...

Q. Explain Weighted-average inventory? Weighted-average: Ensuing inventory is priced using a weighted-average unit cost. In perpetual inventory procedure a new weighted-average

Debit/credit, how do we credit debit cash received from owner

how do we credit debit cash received from owner

Explain about traditional accounting theory, Q. Explain about Traditional a...

Q. Explain about Traditional accounting theory? Conventional accounting theory consists of underlying assumptions rules of measurement major principles and modifying convention

Financial accounting standards boards conceptual framework, Q. Financial ac...

Q. Financial accounting standards boards conceptual framework? Experts have discussed the exact nature of the basic concepts and related principles composing accounting theory

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd