Interested to Buy Any Domain ? << Click Here >> for more details...
when does accounts receivable have a credit balance?
- 12 Answers
- 38691 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nivedita paunikar
Account receivable means the money to be received from the
party for the services rendered. When we receive any
advance from the customer then it shows credit balance. So
only for the advance payement received then account
receivable shows credit balance
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / hssarda
No, if there is debited balance its means receivable.
current asset shows debited balance.
| Is This Answer Correct ? | 9 Yes | 24 No |
Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at Rs.1000 each. He used one chair for his personal use.
what is impairement?
what are the content of purchase order?
0 Answers Accenture, Capital IQ,
E-1,E-2 form received against which sale?
What is the entry for Salary for the month of March if the books closed on 31-03. Before 31st March and after 31st March?
What elements of your job do you find most difficult
What is General Ledger ? Why is it used
Dear sir, please tell me how to calculate provident fund by employer?
what is zero base budgeting
Expand---------BTR
If an overpayment (more than was paid) was posted on a statemnt, can I just make a debit note on the account with the difference? Example Customer had to pay me R 10 000 Payment on his statment was passed for R 15 000 Can I make a debit note with the dif of R 5 000, to rectify the account for the specific month?
Compute the interest & TDS amount following transaction:
Audit 
