Accounts receivable accounts receivable refers to the enterprise in the usual preparatory process for the sale of commodities, products, supply of services and other transactions, should be to the buyer to collect money with the money, including by the buyer to purchase the unit or to receive the labor unit to bear the tax, on behalf of the buyer advances a hundred miscellaneous transportation! Inventory goods
3, the collection of money and the outbreak of cash deduction:
Borrow: bank receipts (total price - cash deduction) financial expenses
Credit: accounts receivable - X company (total price)
4, the outbreak of selling discount or return:
Borrow: the main trading business receipts
Taxes payable - value-added tax receivable (output tax)
Tax receivable - VAT receivable (sales tax)
Tax payable - VAT receivable (sales tax)
Tax receivable - VAT receivable (sales tax)
The main trading business is the main business of the company, which is the company's main business. )
Credit: Accounts Receivable
5, the transfer to the cost
Borrow: inventory
Credit: the main transaction costs
6, the provision for bad debts (allowance method)
Borrow: Disposal of expenses - bad debt loss
Loan: bad debt preparation
Note: If there is a debit balance in advance of the accruals, the number of withdrawals should be made = the debit balance + the original period of accruals. debit balance + the original period should be withdrawn;
If the accruals early credit balance, should be withdrawn = the original period should be withdrawn - credit balance (negative for the book more than offset disposal costs).
7, the outbreak and write-off of bad debts:
Borrow: bad debt preparation
Loan: accounts receivable
8, recognized bad debt and collect:
Borrow: accounts receivable
Loan: bad debt preparation
Loan: bank deposit
Loan: accounts receivable
What is the turnover of accounts receivable? ?
Accounts receivable refers to the amount of money that an enterprise should collect from the purchasing unit or the receiving unit due to the sales of goods, the provision of services and other business activities.
Accounts receivable turnover is the ratio of net income from credit sales to the average balance of accounts receivable in a given period. It is a measure of the speed of accounts receivable turnover and management efficiency.
Generally, the higher the accounts receivable turnover the better, high turnover rate, indicating rapid collection of accounts, the age of the accounts is shorter; asset liquidity, short-term solvency; can reduce the loss of bad debts, and so on.
How to do accounting for accounts receivable?