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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
what do you mean by Account receivables
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
a balance due from debtor on a current a/c 
Is This Answer Correct ?    21 Yes 6 No
Aravind
 
Answer
# 2
Accounst Receivables includes those credits which are
receivable by you which fall under Sundry Debtors during a
financial year.
 
Is This Answer Correct ?    22 Yes 8 No
Swetha
 
 
 
Answer
# 3
It is nothing but another name for Sundry Debtors/Trade
Debtors and signifies amount receivable from respective
parties.It is a current asset in the Balance Sheet of the
Company/Organisation.
 
Is This Answer Correct ?    11 Yes 4 No
Vikram L
 
Answer
# 4
RECEIVABLES MEANS TO BE RECEIVED, ACCOUNT RECEIVABLES
INCLUDES THE AMOUNTS WHICH HAS TO BE RECEIVED AGAINST SALES
FOR WHICH RECEIVER HAS PROMISED TO PAY IN DUE COURSE OF
TIME , THE PERSON OR THE FIRM IS CALLED DEBTORS
 
Is This Answer Correct ?    5 Yes 1 No
Bhupesh
 
Answer
# 5
Slight change in the ans of Spsiva.mba

When the goods are sold on credit the trader usually asks
the purchaser to accept a bill. All such bills accepted by
the customer and acknowleged to the trader is termed as
Bills Receivables".
 
Is This Answer Correct ?    5 Yes 1 No
Sitaram Sawant
 
Answer
# 6
When the goods are sold on credit the trader usually asks
the purchaser to accept a bill. All such bills accepted by
the customer and returned to the trader is termed as Bills
Receivables".
 
Is This Answer Correct ?    3 Yes 0 No
Spsiva.mba
 
Answer
# 7
Accounts receivable (A/R) is one of a series of accounting
transactions dealing with the billing of customers who owe
money to a person, company or organization for goods and
services that have been provided to the customer. In most
business entities this is typically done by generating an
invoice and mailing or electronically delivering it to the
customer, who in turn must pay it within an established
timeframe called credit or payment terms.

An example of a common payment term is Net 30, meaning
payment is due in the amount of the invoice 30 days from
the date of invoice. Other common payment terms include Net
45 and Net 60 but could in reality be for any time period
agreed upon by the vendor and the customer.
 
Is This Answer Correct ?    3 Yes 0 No
Saurabhsingh Ruhela
 
Answer
# 8
The account receivable is the money owned by a company from
customers for providing goods or services on credit. A sale
is generally considered as account receivable once the
invoice is sent to the customer.
 
Is This Answer Correct ?    3 Yes 0 No
Sayali
 
Answer
# 9
Accounts receivable is somtimes a 'Suspense' account. An
advance is given by debiting this account for purchase of
some article or item for which bill is not received
immediately. After the expenditure is incurred and proper
Invoice or Bill is received , this amount is reversed to
the debit of the expenditure head or after Asset creation
(in case of buying a fixed asset). In brief, accounts
receivable may be a temporary advance and is expected to be
wiped out, shortly.
 
Is This Answer Correct ?    5 Yes 3 No
S.ramachandran.
 
Answer
# 10
when goods are sold on credit the trader usually asks the
purcheaser to accept a bill all such bills accepted by the
customers and return them to the trader are known as bills
receivables.
 
Is This Answer Correct ?    3 Yes 1 No
Spsiva.mba
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is journal   4
Define Trial Balance? Genpact 13
1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100 FactSet 2
Define Normal Loss and Abnormal Loss what is the effect in books of accounts.   3
Is Advertising expences treated as capital expenditure or deffered revanue expenditure   3
What do u mean by MIS? Sutherland 23
Expand C N V A T   2
What do u mean by Derivatives and its types? Capital-IQ 8
Give some reasons for disagreement of the balances between cash and pass book. Franklin-Templeton 2
what is trail balance ? Syndicate-Bank 17
Expand---------SRRT   2
What is general ledger? GMC 3
 
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