when does accounts receivable have a credit balance?

Answer Posted / arjunanag@rocketmail.com

1. if we received advanced payments.

2. we received interest.

at that time we show credit side.

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Risk Assessment?

1512


WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME

1385


Mention some of the major contributions made by you in your present and previous jobs

5622


What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

1881


what is Contra Asset?

11413






explain about mergers & aquisitions? asked on 30/7/09

1732


What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry

1579


What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?

1622


What is a Balance Sheet & Profit & Loss Account?

1488


How will be prepare invoice in tally, please tell me step by step

2371


The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1531


How do the standards assist the users of financial report?

1796


What is the relationship between, issued share capital, share premium and paid up capital?

1898


Expand SOIT

1452


What is discounting accounting and why depriciation of assets are mention in dicounting accounting?

1615