 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Acounting for receivables
Hi
I have a problem regarding recievables. As per my account the recievables shows a balance of $9000 but I received an amount equivalent to $11000 giving me excess of $2000. My debtor said that his account showed that balance ($11000). I have checked my account but my balance seems accurate. So the problem is I wish to keep the money without informing them about the mismatch. How can I account for it? |
||||
Check out some similar questions!
Question No: 01 ABCD, a Textile mill, has four main businesses. Beta and percentage of each business is As follows: Business Investment in each business Rs. Beta T-Shirts 100,000 1.50 Jackets ...
Hi there, I have just starte to learn the concept of accrual accounting. I know many adavantages but I don't know one disadvantage of a small business using this method. I guess it's a hassle compared to cash accounting.
The question deals with differences. Here it is: Zurich Co reports pretax financial income of $70,000 for 2004. The following items cause taxable Income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
