Browsing Tag »Accounts Receivable«

Is it illegal to credit a customer account without any proof of the reason?

April 19, 2010

Hi there. My job is accounts receivable, and my boss gets paid cash for some accounts, and instead of saying the customer paid, he gets me to just credit the account and he pockets the money. Therefore it’s not listed as though he received money. When I credit these accounts, we just mark it as [...]

List three reasons why accounts receivable and accounts payable do not balance?

February 15, 2010

List three reasons why accounts receivable and accounts payable do not balance?

Should accounts receivable be classed as revenue and included on an income statement?

February 2, 2010

My B-I-L’s sister is an accountant and says no, but I just cant shake the feeling that I want to include it because my book says that accounts receivable can be classed as revenue if payment is reasonably certain.. I mean if people have already gone home with the goods they are going to pay [...]

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