Why does Accounts receivable often are referred to as trade receivables?
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Q: How does the Trade notes payable differ from accounts payable?
A: Difference: Accounts payable is a short-term liability that is owed by the supplier to the creditor…
Q: Define Accounts Receivable (Trade Receivables, Receivables)
A: Definition: Current assets: The assets which could be converted into cash within one year like…
Q: Trade Accounts Receivable
A: Trade Accounts Receivable is the amount due from customers on account of sales made or services…
Q: What is the difference between accounts receivable and notes receivable?
A: Note receivable is the instrument that represents the amounts of money borrowed or receivables…
Q: What are some common types of receivables other than accounts receivable and notes receivable?
A: Receivables are the amount due to be received in future such as accounts receivable, notes…
Q: Notes Receivable and Accounts Receivable can also be called trade receivables. True False
A: Notes receivables and accounts receivable are considered in terms of sales. Answer is true.
Q: What is the primary difference between accounts receivable and notes receivable?
A: Receivable: Receivable refers to an amount to be received in future. General classifications of…
Q: amount to be presented as Trade Accounts Receivable
A: 1. Installment accounts receivable amounting P50,000 is not a trade receivable due within a year. It…
Q: What is pledging of accounts receivable?
A: Accounts receivable: Accounts receivable is defined as any amount of money payable by…
Q: What are the reasons that a company gives trade discounts? Why are trade discounts not recorded in…
A: Reason for providing trade discounts: A reduction in list or catalog price which is granted by the…
Q: What are the reasons that a company gives trade discounts? Why are trade discounts not recorded in…
A: Reason for providing trade discounts: A reduction in list or catalog price which is granted by the…
Q: What is the difference between an account receivable and a note receivable?
A: Receivable: It can be defined as the amount that is owed by the customers from the business.
Q: Define the term Accounts Receivable Turnover?
A: Accounts receivable turnover: This is the ratio which analyzes the number of times accounts…
Q: How is Trade receivables turnover Ratio computed? What does it indicage?
A: Trade receivables: Trade receivables are the amounts which are billed by the business to its…
Q: Why might a business prefer a note receivable to an account receivable?
A: Account receivables are the due payment held by the customers to whom firm have rendered services or…
Q: Why might a business prefer a note receivable to an account receivable?
A: An account receivable is a simple promise to repay the seller done by customer which is due as a…
Q: What is the difference between ‘accounts payable (AP)’ and ‘accounts receivable (AR)’?
A: Credit Transaction: Under a credit transaction, the exchange of goods or services takes place where…
Q: What is the difference between Accounts Receivable andRevenue?
A: Accounts receivables: Accounts receivables refers to the debtors that arise in case of credit sales…
Q: What does the accounts receivable turnover ratio measure, and how is it calculated?
A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…
Q: Why Do Transferors of Receivables Generally Want to Account for the Transfer as a Sale?
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Q: _____ is the example of Liabilities. Sales Supplies in Hand Account Receivables…
A: The Question has covered the concept of Liabilities. Liability means which have an obligation to…
Q: How does accounting for uncollectible accounts affect the amount reported for net accounts…
A: Uncollectible accounts refer to that portion of credit sales which the company does not expect to…
Q: What are the reasons that a company gives trade discounts?Why are trade discounts not recorded in…
A: A reduction in list or catalog price which is granted by the supplier of goods/services can be…
Q: What is the difference between Accounts Payable and Accounts Receivable? Explain each in generic…
A: Financial Management: Financial management comprises of two words i.e. Finance and management.…
Q: Which form of receivable financing is equivalent to an absolute sale of accounts receivable? a.…
A: Solution: "Factoring" form of receivable financing is equivalent to an absolute sale of accounts…
Q: What is the difference between accounts payable andaccounts receivable?
A: Purchases means amount or value of goods that is purchased by the business. Cash for the purchases…
Q: In what way do accounts receivables and accounts payables differ from each other
A: Solution: Accounts receivables represent amount owed by customer for merchandise sold by business.…
Q: What is accounts receivable management?
A: Accounts receivable management is method for ensuring that whether the customers are paying their…
Q: What are the types of accounts receivable?
A: Account receivable is an asset account that represent amount due to the company from debtors…
Q: otal of trade receivables remaining
A: Click to see the answer
Q: What is the difference between Notes Payable and Accounts Payable?
A: Introduction: Accounts payable is an account within the general ledger that represents a company's…
Q: Define the term accounts receivable?
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Q: What is the nature of a “discount” on notes payable?
A: Notes payable: Notes Payable is a written promise to pay a certain amount on a future date, with the…
Q: What is the nature of a “discount” on notes payable?
A: A discount on Notes payable is a contra liability account to the Notes payable account. When the…
Q: What is the nature of a “discount” on notes payable?
A: Notes payable: Notes Payable is a written promise to pay a certain amount on a future date, with…
Q: What is the expense account associated with the cost of uncollectible receivables called?
A: Accounts receivable: Accounts receivable refers to the amount to be received within a short…
Q: What is the expense account associated with the cost of uncollectible receivables called?
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Q: Which is a valid statement regarding the gross price, net price and allowance methods of recording…
A: Accounts receivable is the amount that has been earned but not yet received by the company.
Q: Define Sale of Receivables.
A: Sales: A sale refers to the operating activity through which the company earns income by selling…
Q: What are the differences between Notes Payable and Accounts Payable?
A: Explain the difference between a note payable and an account payable as follows:Notes payable: A…
Q: What is the difference, definition, examples between account receivables and fees earned?
A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…
Q: How does account receivable work?
A: The term "account receivable" denotes that payment for previously completed work has yet to be…
Q: How does account receivable work?
A: The term "account receivable" denotes that payment for previously completed work has yet to be…
Q: When should the transfer of receivables be recorded as a sale?
A: When a Note receivable is passed to a Transferor, the transferred value is separated from the…
Q: Explain the concept of American depositary receipts (ADRs).
A: Answer: Meaning of American depositary receipts (ADRs): American negotiable securities that signify…
Q: What are the feature of Receipt and Payment Account?
A: Receipt and Payment Account is a summary of cash Receipts and payments in an accounting period. Not…
Q: Is it a credit memo issued by a vendor or a debit memo issued by a purchaser? What's the difference?
A: The difference will be explained:
Q: Should PT. AAH change its current account receivable policy?
A: Accounts receivable refers to the total amount of money for which a company haven't received the…
Q: ifference between accounts receivable and notes receivable.
A: Click to see the answer
Q: what is debit and credit?
A: Debits and credits seem to be a bookkeeping notation framework that determines how and where every…