Revenues define the income from a company’s operations during an accounting period. These revenues may arise from the sale of either goods or services. Similarly, they may come from both cash and credit sales. Regardless of their source, revenues play a significant...
What are Accounts Receivables? Accounts receivables are the amounts that are collectible from the customers due to the credit sales that the company sells the products or services from credit sales. This outstanding amount ranges from a few days to a fiscal year and...
Overview Accounts receivable represents the outstanding amount owed to a business from selling products or services on credit. Accounts receivables are itemized in the balance sheet as current assets. Analyzing the quality of accounts receivables for an entity is...
Introduction Accountants use accounts receivables aging as a management technique to evaluate a company’s accounts receivables and find out existing irregularities. The accounts receivables aging report is an essential comparison and strategic financial...
Definition: Notes receivables are written promissory notes which give the holder or bearer the right to receive the amount mentioned in the agreement. It is treated as an asset by the holder of the note receivable. Sometimes accounts receivables are converted into...
Definition: Notes receivables describe promissory notes that represent loans paid from a company or business to another party. The note comes with a promise from the borrower that it will repay the lender at a future point in time. Similarly, a note receivable gives...
