DEBTORS OR ACCOUNTS RECEIVABLE

DEBTORS OR ACCOUNTS RECEIVABLE:

When goods are sold to the customers on credit basis (credit sales are made to customers), debtors come into existence. Debtors are Ac persons or customers to whom goods have been sold on credit basis and from whom the business is to receive money in near future. The accounts of such-customers are known as "Accounts Receivable". For example, we sold goods to A for Rs. 3000. toB forRs. 2000 and to C for Rs. 4000 on credit basis. The amount receivable from them (A, B and C) is known as "Debts" and the three customers, A, B and C are our debtors or accounts receivable.

payroll accounting

accounting bookkeeping

accounting for sales tax

property accounting

web accounting

accounting software

accounting companies

fixed assets accounting

accounts receivable aging

accounts payable receivable

accounts receivable procedures

accounts receivable factor

accounts receivable loans

accounts receivable loan