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Oh, dude, like, companies maintain separate accounts receivable ledgers for each customer to track individual transactions and payment histories. It's like keep
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Accounts Receivable









How do you reconcile your check register with a bank statement?


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To reconcile your check register with a bank statement, you need to compare the transactions listed in your check register with those on the bank statement. Sta
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Accounts Payable



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What does ARO mean with regard to shipping?


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ARO stands for "After Receipt of Order" in shipping terminology. It refers to the time frame starting from when an order is received to when the shipm
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Accounts Payable



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How does management accounting differ from cost accounting?


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Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financi
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Accounts Payable



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What does the payment terms net 30 MF mean?


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Well, isn't that just a happy little question! When you see "payment terms net 30," it means that the invoice amount is due within 30 days of the invo
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Accounts Receivable









What accounts would you code an invoice to for temporary employment services of a marketing assistant provided by a staffing agency?


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For temporary employment services of a marketing assistant provided by a staffing agency, you would typically code the invoice to "Temporary Labor Expense&
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Accounts Receivable









What does net less receivables mean?


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Business Accounting and Bookkeeping



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What is the account in which the revenue earned from the sale of merchandise is entered to?


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Accounts Receivable









Why is important to keep accounts receivable at a low level?


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Accounts Receivable



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Net on demand is not Accounts Receivable payment standard in business?


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Accounts Receivable









When comparing the direct write-off and allowance methods what applies to the direct write-off method?


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Accounts Payable



+2









What goes on an income statement and what goes on a statement of receipts and payments?


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Accounts Payable



+1









Is it true that a transaction must be in a journal before it can be posted to the ledger accounts?


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Accounts Receivable









Why the balance in account receivable control account may not agree with the total in the account receivable ledger?


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Accounts Receivable









On an invoice is gross invoice amount include tax?


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Accounts Receivable









Cost centre option not display in purchase invoice?


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Accounts Receivable









What does within 5 days of a date mean?


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Honey, "within 5 days of a date" means you better get your act together and take care of business within a 5-day window starting from that specific da
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Accounts Receivable









What EIB mean on your Paychex invoice?


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EIB stands for "Employer Investment in Benefits." It's the portion of your Paychex invoice that covers the contributions your company makes towards em
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Accounts Payable



+2









What are the advantages of internal capital reduction?


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Internal capital reduction refers to a company's decision to decrease its capital without reducing its assets. One advantage of this strategy is that it can imp
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Accounts Receivable









Where can one find an invoice factoring company?


Asked by Wiki User



Billingbee is definitely one of the best tools out there. It's super user-friendly and allows you to create professional-looking invoices in no time. You can ea
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Business Accounting and Bookkeeping



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What is the importance of accounting?


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Accounting's ability to monitor an organization's financial stability and health makes it crucial to business. Business owners can not analyze their financial s
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Investing and Financial Markets



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Why would the cost of equity increase if the risk-free rate increases?


Asked by Wiki User



The cost of equity is influenced by the risk-free rate as it serves as a benchmark for investors. When the risk-free rate increases, investors may seek higher r
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Educational Methods and Theories



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Is cash account real account?


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Yes, a cash account is a real account in accounting. Real accounts represent tangible assets, and cash is considered a tangible asset because it is a physical f
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Accounts Payable



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What is the journal entry in purchasing software?


Asked by Wiki User



The journal entry for purchasing software involves debiting the software asset account to reflect the cost of the software and crediting the cash or accounts pa
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Accounts Receivable



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What makes computer excellent tool for data processing?


Asked by Wiki User



The computer is easier to use for data processing because of the copy and paste feature and the ability to save the information. Using a computer is much more e
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Trending Questions
What is the following is a typical method for aging accounts? Is temporary overdraft a current liability? What is a Two Column Cash Book? What is meant by payment term OA 60 days? Difference between cess and duty? Difference between account receivable and notes receivable? What is invoice system? What is bussiness? What is the accounting entry for Income Tax? How do you classify tangible assets? How long can you keep invoices and credit notes for before destroying them? Accounts receivable represents what on the balance sheet? A percentage or dollar amount that is added to an overdue Accounts Receivable is considered a? Is accounts receivable owners equity? Is a prepaid expense an operating asset? What is global accounting? What is the abbreviation for the word Debit in accounting? What is the original book entry and their function? What are some examples of internal operational audit objectives? Is an accounts receivable account in accounting a debit or a credit balance account?


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Unanswered Questions
Is non current receivables same as accounts receivable? What causes account payable's to be understated? What is accounts reveivable financing based on? How much time needs to pass for an Accounts Recievable account to be considered delinquent? Does ADP open invoice support Quickbooks? Is tax applied on proforma invoice? Does the perpetual inventory method decrease assets? How do you decrease a liability and decrease owner's equity?







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