SATISH M

• Jun 11th, 2014

To reconcile the difference between bank balance shown by cash book and pass book.

A.KIRAN KUMAR

• Dec 7th, 2012

BRS is a find out the uncommon adjustments of cashbook and pass book.

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You raised a deposit type of transaction to a customer, and received a receipt fully also.Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using commitment Tab. If Customer is asking for refund of remaining amount. How will you refund the balance amount?

Ajit Mishra

• Nov 18th, 2013

Q. No. 1 ) What is different between cost account & bank reconciliation statements ?

Thanks & Regards

Ajit Mishra

kirubakaran G

• Sep 20th, 2011

If AR update process has been not done and apply Payment has been not done for the Customer you can adjust the Amount in AR itself. Else if the AR update process has been not done and apply Payment h...

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What are the parameters of the Auto-Invoice Program?

aruna vishnubhotla

• Oct 17th, 2013

The batch source name, date, operating unit name

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What are the goals of Accounts receivable?

Thomas Oduor

• Jul 31st, 2013

Accounts Receivable is that part of sales made on credit. Credit sales facilitate sales because as it gives buyers, especially new businesses or firms with temporary liquidity crunch, time to obtain g...

seenu_palla

 Profile Answers by seenu_palla Questions by seenu_palla

• Jan 11th, 2009

Speedy recovery of cash from the customer to manage the working capital.

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What are the steps involved in Cash Application & When is Cash Application comes into picture?

Gopal

• Nov 26th, 2012

As far as I understand cash application is nothing but cash allocation. when we receive the amount from customers on the invoices which are due from them we do cash allocation (meaning we clear the paid invoices from our system). it comes into picture when we receive cash from customers.

nadeem

• Jul 29th, 2011

Managing customers payment exceptions.

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Mahesh Babu, PS

• Oct 20th, 2012

Amount or income already received in advance will be construed as deferred revenue and entries are as follows: 1) When receipt of advance: Bank A/c Dr To Unearned revenue A/c 2)...

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What do you mean by Credit Management under AR in Professional field?

farfoosha

• Oct 1st, 2012

The objective of managing accounts receivable is to have both the optimal amount of receivables outstanding and the optimal amount of bad debts. a. This balance requires a trade-off between the benefi...

Raghu

• Jul 19th, 2011

Credit Management is the process of managing the outstanding receivables of the organistion as per the policies adopted by the organisation. Companies might the approach of categorising the B/R by the...

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tomk11

 Profile Answers by tomk11 Questions by tomk11

• Apr 28th, 2012

Contribution margin is the difference between the selling price and variable cost per unit or in total for the level of activity. Contribution margin is the amount of each revenue dollar remaining to pay fixed costs and provide a profit after variable costs are covered.

Prasant Kumar Mallick

• Mar 22nd, 2012

Contribution is nothing but your fixed expenses (Business),the total Equation is--your total expenses will be divided into two category. 1) FC (Fixed Cost) 2) VC Variable cost, Fixed Cost-:fixed cos...

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Sunny Rao

• Feb 3rd, 2012

The main target of analysing AR account is to decrease the aging outstanding at the most and should always scrutinize the aging often as sometimes credit lies somewhere and debit lies somewhere (specially in advance cases).

aparnaramkumar

 Profile Answers by aparnaramkumar Questions by aparnaramkumar

• May 7th, 2011

Always we should look for corresponding debit/credit entries. 

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Sujit Sagar

• Nov 6th, 2011

Credit Limit:- Use below mentioned information/data to calculate Credit capacity.
Salary
Credit Card
Number of Years of Experience
Credit Balance
Liquid Assets
Movable and Non-Movable property

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Have you ever disputed an invoice? Can you explain the process?

RAJAT RASTOGI

• Oct 26th, 2011

Yes, we have to face so many disputes after generating the invoice such as weight,rate difference.. then we ask to raise a debit note to party so that we can check the errors and issue a credit note to solve the discrepancy in the invoice

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Stan

• Oct 14th, 2011

Not shipped

candideyes

 Profile Answers by candideyes Questions by candideyes

• May 7th, 2008

Delivered

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SARITA

• Sep 5th, 2011

PO Number, Invoice Number, curr, amount, description of the charges, date of invoie, billing address.

vinya

• Aug 16th, 2011

DATE OF PURCHASE an item no

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Srinivas Vayuvegula

• Aug 22nd, 2011

Time periods you define to age your debit items. Aging buckets are used in the Aging reports to see both current and outstanding debit items. For example you can define an aging bucket that includes a...

Praseedha.vs

 Profile Answers by Praseedha.vs Questions by Praseedha.vs

• Nov 13th, 2008

Time periods you define to age your debit items. Aging buckets are used in the Aging reports to see both current and outstanding debit items. For example, you can define an aging bucket that includes ...

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What is an A/R account that will never be paid considered to be?

rashmi

• Jul 29th, 2011

Considered as bad debt and should be written off after the set time

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If a Company 'A' transfers $1000 to Company 'B'. illustrate the accounting entries.

Rohit Sharma

• Jul 27th, 2011

In the books of company A
Company B A/c .........Dr 1000
To Cash/ Bank A/c 1000

In the books of company B
Cash / Bank A/c ......Dr 1000
To Company A A/c 1000

HARI

• Jul 19th, 2011

In the books of A

B A/c. Dr.
to Cash A/c.

In the books of B

Cash A/c. Dr.
to A A/c.

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Praseedha.vs

 Profile Answers by Praseedha.vs Questions by Praseedha.vs

• Nov 13th, 2008

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 ...

ch.v.rama krishna rao, chirala

• Nov 8th, 2007

A journal entry is recorded accourding to the rules of debit and credit.for example goods sold for Rs 50000 for cash ----to record this -- identify the accounts involved-- i.e.goods A/cand Cash A...

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anilkumar1425

 Profile Answers by anilkumar1425 Questions by anilkumar1425

• May 6th, 2009

Accounts receivable is the last stage of the customer order cycle. It involves: Invoicing the customer, Performing collection activities, Receiving payments against customer invoices.

Dhanasekaran R K

 Profile Answers by Dhanasekaran R K Questions by Dhanasekaran R K

• Dec 10th, 2008

Receivables means those who owes money to the organisation

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aparnaramkumar

 Profile Answers by aparnaramkumar Questions by aparnaramkumar

• May 7th, 2011

A company can monitor the payments which are yet to receive from the clients. It helps to show the correct financial position of the company. 

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How much time needs to pass for an A/R account to be considered delinquent?

kumardurgam

 Profile Answers by kumardurgam Questions by kumardurgam

• Sep 2nd, 2010

After 90 days of the due date.

gyan_nandu7710

 Profile Answers by gyan_nandu7710 Questions by gyan_nandu7710

• Jul 13th, 2009

It depends upon the net terms of the account

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