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    noellemoon's Avatar
    noellemoon Posts: 5, Reputation: 1
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    #1

    Dec 3, 2011, 09:52 PM
    Collection of accounts receivable
    Collection of accounts receivable, effect of thansactions
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 4, 2011, 07:50 AM
    Collection of accounts receivable means that a customer paid for services or goods that were received on credit.

    You are increasing cash and decreasing accounts receivable at the same time.
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