Ask Experts Questions for FREE Help !
Ask
    sandeep1987's Avatar
    sandeep1987 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Oct 16, 2011, 10:03 PM
    Bills receivable
    What is the entry for bills receivable?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Oct 17, 2011, 06:46 AM
    If you are asking about service provided to a customer and you sent that customer a bill, then the entry will be:
    Debit Accounts Receivable for the amount
    Credit Service Revenue or Fees Earned for the amount
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Value of coins, $2 bills and $1 Bills [ 0 Answers ]

$2.00 Bills Details Series Year: 1976 (small print of F4 left side and F 72 on right) with th #7 in the four corners Serial#: G 80584727 A; Series Year: 1976 (small print of C3 on left and C65 on right side)with #5 in the four corners; Serial # E 541245848 A; Series Year: 1995 (small print of...

$2 Bills, other coins and bills [ 4 Answers ]

I have 10 1976 $2 bills 3 of them B- New York 2 of then C- Philadelphia 1 of them J- Kansas City & 2 of them F- Atlanta Does anyone know what they may be worth? I also have a lot of coins from Canada dated 1976 and up. I have a $10 bill from England dated 1812-1870

Accounts receivable and Accrual Receivable [ 1 Answers ]

When to record accounts receivable and accrual receivable. For example: the business has performed service to a customer (carpet cleaning) and a bill has issued to the customer. $100 Should we record Dr. Accrounts receivable 100 Cr. Revenue 100 Or Dr. Accrual...

Accounts receivable [ 3 Answers ]

An accounts receivable results from the sale of: A)Property, plant and equipment for cash B)Goods and services to customers on account C)Goods and services to customers for cash. D)The firm's common stock. E)None of the above

HUGE heating bills, VERY LOW cooling bills [ 1 Answers ]

Hi, first timer here. I bought this 43-year-old house last October, app 2000 sq ft, trilevel (main living level, 2 BR/bath up 7 stairs, 2 more BR/bath up 7 more stairs on top level). My heating bills last winter (2 year old Lennox AA600 80% efficiency furnace) were really high, around $300 per...

View more questions Search