when does accounts receivable have a credit balance?
Answer Posted / nivedita paunikar
Account receivable means the money to be received from the
party for the services rendered. When we receive any
advance from the customer then it shows credit balance. So
only for the advance payement received then account
receivable shows credit balance
| Is This Answer Correct ? | 2 Yes | 5 No |
Post New Answer View All Answers
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
How you implemented a chargeback system?
please give me a last 10 years sbi clerk question and answer paper
Which Invoice issued on Central Sale Commercial or Retail?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
genpact uk based shift timings? and R2R job profile?
Who will be called as consignee
what is pre post expenses
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
What exactly balance sheet depicts
what is the main link between the income statement and the balance sheet?
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
intorduse your self ? what to say if iam fresher.