Accounts Receivable

Accounts receivable also known as Debtors, is money owed to a business by its clients (customers) and shown on its balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered.

Read more about Accounts Receivable:  Overview, Payment Terms, Accounts Receivable Age Analysis, Bookkeeping, Special Uses, Related Accounting Topics

Other articles related to "accounts receivable, accounts, account, receivable":

Sales (accounting) - Gross Sales and Net Sales
... example Date Description of entry Debit Credit 8-7 Sales Returns and Allowances 20.00 Accounts Receivable 20.00 Full credit for customer return of merchandise purchased ... output vat Sales Returns and Allowances and Sales Discounts are contra-revenue accounts ... example Date Description of entry Debit Credit 9-1 Accounts Receivable (Customer A) 500.00 Sales 500.00 Merchandise sale on account, terms 2/10, n/30 ...
Format of Special Journals
... For example, if fifty sales on account were made during one day, fifty ledger postings would have to be made to three general ledger accounts Accounts Receivable, Sales, and Sale Tax Payable ... of the journal made it possible to post only the total amount for each account to the general ledger ... For example, if fifty sales on account were made during one day, only the total amount for Accounts Receivable, Sales, and Sales Tax Payable were posted to the ...
History Of IBM - Products and Technologies - BICARSA (Billing, Inventory Control, Accounts Receivable, & Sales Analysis)
... a range of Billing, Inventory Control, Accounts Receivable, Sales Analysis (BICARSA ) applications for specific industries construction (CMAS), distribution (DMAS ...
Accounts Receivable - Related Accounting Topics
... Associated accounting issues include recognizing accounts receivable, valuing accounts receivable, and disposing of accounts receivable ... In the UK, accounts receivable is more commonly known as Credit Control, and most companies have a credit control department ... Other types of accounting transactions include accounts payable, payroll, and trial balance ...
Controlling Account
... In accounting, the controlling account ( control account also known as adjustment account) is an account in the general ledger for which a corresponding subsidiary ledger ... allows for tracking transactions within the controlling account in more detail ... Individual transactions are posted both to the controlling account and the corresponding subsidiary ledger, and the totals for both are compared when preparing a ...

Famous quotes containing the word accounts:

    But, on more accounts than one, I had had enough of moose-hunting. I had not come to the woods for this purpose, nor had I foreseen it, though I had been willing to learn how the Indian manvred; but one moose killed was as good, if not as bad, as a dozen.
    Henry David Thoreau (1817–1862)