what do you mean by Account receivables
Answer Posted / s.ramachandran.
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 |
Post New Answer View All Answers
What is outsider equity and time interest period ratio?
what is the reason for balance sheet not getting tallyed
tell me about roll model as father
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
what are the new rules of central excise ?
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
What is meant by consignment
interest paid comes under which head
What is 100% EOu? what is the benifit and what is difficulty of it?
what is a Depository Participant?
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
What is the difference between Risk, Threat & Hazard?
What do u mean by pass through expenses? give examples, how it will be accounted & billed?