Receivable Entries

Factoring accounts receivable refers to selling its accounts receivable (invoices) to a third party (called a factor) at a discount […]

When a business collects accounts receivable, it means the company has received payment from a customer who previously owed it

Intercompany receivables arise when one entity within a group of companies provides goods, services, or loans to another entity within

Bill Receivable Journal Entry is Debit the Bills Receivable Account and Credit the Sales. Bills Receivable refers to a bill

Cash Receivable Journal Entry is Debit the Accounts Receivable and Credit the Sales Account. Cash Receivable typically refers to the

Accounts Receivable Journal Entry is Debit the Accounts Receivable/Debtors/Party Account and Credit the Sales Account. Accounts Receivable (AR) represents money