nominal,personal,real
Latest Answer: PERSONAL A/C: Debit the Reciever & Credit the Giver.REAL A/C: What comes in goes to Debit , if goes out than Credit.NOMINAL A/C: Expenses and Losses always Debit & Incomes and Gains always Credit. ...
How important does Accounts receivable for small business and why?
Latest Answer: Accounts Receivables help small businesses by providing short-term liquidity. Also, continued sales on credit provide the much needed continuity for small businesses. ...
What are the goals of Accounts receivable?
Latest Answer: Speedy recovery of cash from the customer to manage the working capital. ...
What are the powerful softwares that could be used for doing efficient Accounts receivable?
What are the strategies to be followed for preparing Accounts receivable?
Latest Answer: Debtors are the main role of the business. he is the entire back bone of the business. The goodwill of the concern is in the hands of debtors because he is the person who takes our product or rawmaterial to the customer or manufacture. so he is takes ...
Latest Answer: Accountants... in big organization there will be a department to maintain AR department. ...
Latest Answer: Selling the rights to the amounts owing by debtors to a finance company for an agreed amount (which is less than the figure at which they are recorded in the accounting books because the finance company needs to be paid for providing the service). ...
Latest Answer: Journal Entries are recorded on a double entry system, ie debit and credit concept. In order to record a journal entry, the following steps need to be followed.Enter the Journal entry numberEnter the Date of transactionEnter the Debit item (as per the ...
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