what do you mean by Account receivables
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Account Receivables states the amount which due to the company and yet to be received for the current financial year.This will be accounted into balance sheet and it will be shown on assets side.
it is one of the series of accounting mainly deals with
billing which owe money to the cutomer or company,
organisation for goods and services that have been provided
to the customer
it is also treated as current assets for for the company
and recorded in asset side of the B\S under the head of
curret assets Basavaraj
when sell some good, at the time we receive some cheque
against the sell item this cheque is called account
Account Receivable is nothing but, the amount we need to received from vendor for the service or sales render to them. Accounting is sundry debtors in assets side of the balance sheet.
Receivable is the unpaid amount of company which have to take from the purchaser in a certain period of time. it to be enter in the Assets factor in the balance sheet.
Credit sales which is recoverable in future is called
account receivables Bantu Singh
Account receivable simply means bill receivable
When a company purchase good or services from another company
then the seller ask the purchaser to accept the bill.
and the bill accepted by purchaser is known as bill