Mês: Novembro 2021

Bookkeeping

What is Accounts Receivable and its Entries?

Accounts receivables are shown on the asset side under the head current assets (right-hand side of a horizontal balance sheet). In the journal entry, Accounts Receivable has a debit of $5,500. This is posted to the Accounts Receivable T-account on the debit side. This is posted to the Service Revenue T-account on the credit side. This is[...]
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