What is total flow of Account Receivables?

infantpragash

 Profile Answers by infantpragash Questions by infantpragash

• Nov 4th, 2009

Receiving the order from the customer->Quoate Approval->Create the Sales Order->Delivering the goods as per the SO->Create the Invoices->Receive Payments from customer.

ANITA PUJARY

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• Jun 12th, 2009

Flow of Accounts receivable should be in proportion to Accounts payable i.e. in terms of ration 2:1

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salvismita

 Profile Answers by salvismita Questions by salvismita

• Jan 10th, 2010

ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction, the supplier ships goods based upon an Advance Shipping Notice (ASN), and the purchase...

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lumin.85

 Profile Answers by lumin.85 Questions by lumin.85

• Mar 2nd, 2010

Debtors are a major source for working capital requirements whereby the company treat the amount due from debtors as accounts receivable.

narayanank

 Profile Answers by narayanank Questions by narayanank

• May 16th, 2008

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 rawmater...

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To what extent were you involved in collections?

nkamuni_mca

 Profile Answers by nkamuni_mca Questions by nkamuni_mca

• Mar 10th, 2010

Collection involves calling the customers for past due and this kind of question has to logically answered

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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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aparnaramkumar

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• 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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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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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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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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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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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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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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Stan

• Oct 14th, 2011

Not shipped

candideyes

 Profile Answers by candideyes Questions by candideyes

• May 7th, 2008

Delivered

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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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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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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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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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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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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 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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