In summary, all business operation has accounts receivables and payable because they aid the day to day running of the business for instance in a situation where the business has inadequate capital stocks can got on credit and even when the business wants to penetrate the market goods are sold on credit to trustworthy customers hence making these accounts so vital.
I would like to appreciate all members who participated in understanding these important skills of accounting, my humble appreciation goes to guys from India, Nigeria and Tanzania thanks for sharing knowledge with us. Thanks madam Navin for your quick response in case of any inconveniences on line. if you believe that such appreciations should be granted say something about the course
what is the different between non bank credit card and bank credit card.
Company use two methods to accounts for uncollectible accounts receivable; the allowance method, which provides in advance for uncollectible accounts ; and the direct write-off method , which recognizes uncollectible accounts as an expence when judged uncollectible
This module helps to deal with financial activities