TAILIEUCHUNG - Lecture Principles of financial accouting - Chapter 9: Accounting for receivables

After completing this chapter you should be able to: 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 Chapter 9: Accounting for Receivables 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. 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. 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

• Tài chính doanh nghiệp
• 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