TAILIEUCHUNG - Lecture Fundamental accounting principles - Chapter 9: Accounting for receivables

Lecture Fundamental accounting principles - Chapter 9: Accounting for receivables. This chapter describe accounts receivable and how they occur and are recorded; describe a note receivable, the computation of its maturity date, and the recording of its existence; explain how receivables can be converted to cash before maturity. | Accounting for Receivables Chapter 9 PowerPoint Editor: Beth Kane, MBA, CPA Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 9: Accounting for Receivables 09-C1: Accounts Receivable 2 Accounts Receivable C1 A receivable is an amount due from another party. A company must also maintain a separate account for each customer that tracks how much that customer purchases, has already paid, and still owes. This graph shows recent dollar amounts of receivables and their percent of total assets for four well-known companies. 3 A receivable is an amount due from another party. The two most common receivables are accounts receivable and notes receivable. Other receivables include interest receivable, rent receivable, tax refund receivable, and receivables from employees. Accounts receivable are amounts due from customers for credit sales. This section begins by describing how accounts receivable occur. It includes receivables that occur when customers use credit cards issued by third parties and when a company gives credit directly to customers. When a company does extend credit directly to customers, it (1) maintains a separate account receivable for each customer and (2) accounts for bad debts from credit sales. The graph on this slide shows recent dollar amounts of receivables and their percent of total assets for four well-known companies. Credit sales are recorded by increasing (debiting) Accounts Receivable. A company must also maintain a separate account for each customer that tracks how much that customer purchases, has already paid, and still owes. This information provides the basis for sending bills to customers and for other business analyses. To maintain this information, companies that extend credit directly to their customers keep a separate account receivable for each one of them. The general ledger continues to have a single Accounts .

• Kế toán - Kiểm toán
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting for receivables
• Notes receivable
• Disposal of receivables
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting