2007-01-09 02:42:45 · 6 answers · asked by coasterteenxl 1 in Business & Finance ➔ Corporations
1)When the customer/client pays
Companies "R" Us $500
A/R $500
2) When is written down because the customer/client doesn't pay
Allowance for Doubtful Accounts $500
A/R $500
2007-01-12 16:42:39 · answer #1 · answered by krumpmaster terrell 4 · 0⤊ 0⤋
The more you're getting paid by your customers, the more it will decrease. Same happens when customers return something for credit.
2007-01-09 02:47:07 · answer #2 · answered by bradxschuman 6 · 0⤊ 0⤋
People paying on their accounts; write off accounts as bad debt
2007-01-09 03:52:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1) Management implement stricter and tighter credit control by redcing excessive longer collection period
2) Collection more than Sales
2007-01-09 04:30:25 · answer #4 · answered by SMI Funding Solution Provider 1 · 0⤊ 0⤋
1. People are paying their bills
2. The business is doing less business
2007-01-09 02:46:29 · answer #5 · answered by ignoramus 7 · 0⤊ 0⤋
Receiving payment and charging it of to unpayable debt.
2007-01-09 02:46:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋