accounts receivable
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A: journal entry of above transaction are as follows
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- Advantages and disadvantages of accepting debit and credit card transactions as opposed to accepting personal Cheques from customers? (Consider both internal control and business reasons)Why can't Accounts Receivable ever have a credit balance? Why can't Accounts Payable ever have a debit balance."In accounts receivable management, credit analysis is the process of determining the probability that customers will not pay."
- Why can’t bank lend without a written loan policy? Explain in detail. No plagiarism.What is the difference between a credit card and a debit card? O A credit card is loaned money, plus interest, whereas a debit card is linked to your bank account that contains your money. A credit card is your money that is not loaned. O A debit card is loaned money. O None of the above.Why does a bank credit a customer's account when the customer makes a deposit and debit the account when the customer makes a withdrawal? O Because banks use a different method of accounting O Because the customer's account is a liability for the bank. Because the customer's account is an asset to the bank
- In sap, Which of the following outgoing payments will not require manual entry of bank account?a. Cashb. Credit Cardc. Checkd. Bank TransferWhat are the advantages and disadvantages of using a credit card?Why should a company have clear strategy for collecting Accounts receivable from its customers? For example, some companies do offer discounts to customer for early payment instead collecting the full amount at the due date.
- When referring to a note receivable or promissory note a.the note cannot be factored to another party b.the note may be used to settle an account receivable c.the note is not considered a formal credit instrument d.the maker is the party to whom the money is dueUnder what conditions may a bank refuse to make payment?What necessary steps should be taken by the bank if they classify an account as unsatisfactory?
