The Accounting Tabloid
Receivables, Simply Explained
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Receivables fully explained.
This book provides a deep insight into what receivables are and explanation of different types of receivables.
Whenever a Company performs a financial transaction with individuals or other companies and it plans to collect the cash at a future date, these impending cash collections are referred to as receivables.
You will learn how to analyze transactions and make journal entries for the different types of receivable transactions.
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About the Book
It is easy to be confused by different methods of accounting, and one of the hardest concepts to understand is receivables. In this guide, author Othneil Hall, a longtime accounting professional, examines accounts receivable in easy-to-understand language in this handbook for students, office managers, bookkeepers, receivables specialists, and everyone else interested in mastering the basics of this critical feature of accounting.
You will learn almost everything on receivables, including how to
- understand the various types of receivables accounting;
- record receivables in the most efficient manner;
- convert accounts receivable into notes receivable; and
- make adjustments for bad debts.
This guide also provides advice on how to change your approach based on whether you work for a service-oriented company or one that revolves around merchandise inventory. Some of the transactions are similar between the two types of companies, while some are not.
Whether you are seeking to understand financial terms, get a job in the financial services field, improve your organization’s collection of accounts receivable, or boost your general knowledge of accounting, The Accounting Tabloid can help.
About the Author
Othneil Hall, a longtime trainer and accounting practitioner, has a deep understanding of the difficulty that individuals face when seeking to understand accounting concepts. He created The Accounting Tabloid to make these concepts easy to understand. He currently holds a Master of Science Degree in Accounting and Information Systems, and works as an Accounting Consultant.