Account Receivables

Question by Sarah B: A , 000 account receivable is collected. How is the accounting equation affected? a. assets increase $ 5,000; liabilities decrease $ 5,000 b. assets increase $ 5,000; assets decrease $ 5,000 c. assets increase $ 5,000; liabilities increase $ 5,000 d. assets increase $ 5,000; owner’s equity increases $ 5,000 Best [...]

Question by Kevin: The buyer who pays cash for an account receivable is called a:? Best answer: Know better? Leave your own answer in the comments!

Question by h k: Do you know where I can take Quickbook, Account Payable, Account Receivable classes in Michigan? Do you know where I can take Quickbook, Account Payable, Account Receivable classes in Michigan Best answer: Answer by GarAdd some details and there might be someone that can help you. Add your own answer in [...]

Question by Tish: What would make a receivable leger balance less than the receivable control account? list some causes. help needed urgent Best answer: Answer by KayDeediscrepancies/bank errors, items not posted to ledger such as deposits, wires, fund transfers. Know better? Leave your own answer in the comments!

Question by Tish: What would make a receivable leger balance less than the receivable control account? list some causes. help needed urgent Best answer: Answer by KayDeediscrepancies/bank errors, items not posted to ledger such as deposits, wires, fund transfers. Give your answer to this question below!

Question by PP: Business Definition Needed: no accts receivable? What do you call a business that collects money before providing a product i.e. no accounts receivable? Ok. I think I need to add a little more info. If you receive the $ and then you provide the product what type of business are you? 1. [...]

Question by PP: Business Definition Needed: no accts receivable? What do you call a business that collects money before providing a product i.e. no accounts receivable? Ok. I think I need to add a little more info. If you receive the $ and then you provide the product what type of business are you? 1. [...]

Question by darshan_02_04: what is the normal system of recording account receivable in the company? Best answer: Answer by blvdblondeSection from the procedural manual…we use quickbooks Cash Receipts Receiving and Recording Payments The Receptionist receives payments in the incoming mail and records them in the receipt log. After stamping the check stubs with the date [...]

Question by michimex m: For a business, what are the advantages of a notes receivable in comparison to an account receivable? Best answer: Answer by Johnny KirschA note receivable is an outstanding loan owed to you, but an account receivable is an outstanding invoice payable to you. The first is typically dictated by a note [...]

Question by AF: Whats the diff between accounts payable and accts. receivable? How can I learn about the two online? Best answer: Answer by jamie5987Accounts Payable is the department that pays the bills. Accounts Receivable is the department that does the invoicing for the company and makes sure that clients are paying their bills on [...]