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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (423)
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 Accounting General interview questions  Accounting General Interview Questions (2803)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4358)
Question
what do you mean by Account receivables
 Question Submitted By :: Manoj
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what do you mean by Account receivables
Answer
# 11
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
 
  Re: what do you mean by Account receivables
Answer
# 12
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. 
Is This Answer Correct ?    4 Yes 2 No
Chaitanaya
 
  Re: what do you mean by Account receivables
Answer
# 13
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
 
  Re: what do you mean by Account receivables
Answer
# 14
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
 
  Re: what do you mean by Account receivables
Answer
# 15
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. 
Is This Answer Correct ?    1 Yes 0 No
Kannan
 
  Re: what do you mean by Account receivables
Answer
# 16
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. 
Is This Answer Correct ?    1 Yes 0 No
Saleem Akhtar
 
  Re: what do you mean by Account receivables
Answer
# 17
Credit sales which is recoverable in future is called
account receivables
 
Is This Answer Correct ?    0 Yes 0 No
Bantu Singh
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is limit of turnover for registering under CST & limit of Form 'C ' Genpact 3
Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.   1
Short Answer on _________Industry   1
PLEASE TELL IF I PAID BY CHEK ON 31 MARCH 2009 AND CLEAR IN THE BANK ON 5.4.2010.PLEASE EXPLAIN IT WHAT EFECT ON F.Y AND A.Y.?   2
why we use the term profit and loss account instead of profit or loss account Syntel 4
what are accounting principles?   4
what is Calculation of closing Stock? EDS 3
What is the difference between the Invoice and Bill? Karvy 4
WHAT IS THE MEANING OF INDENTURE? Capital-IQ 2
Expand I T O   1
Expand---------EDBC   1
what happens in the stockmarket when RBI changes the CRR rates(REPO RATES) Wipro 5
 
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