What is "Accounts Receivable Management" ?
Question:
What is "Accounts Receivable Management" ?
Accounts Receivable:
Accounts receivable refers to the amount of money needed to collect from the customers on account of goods sold to them on credit. Every firm does their business both on cash and credit. When the firm sells their goods to the customers on credit then it records them as accounts receivable.
Answer and Explanation: 1
Become a Study.com member to unlock this answer! Create your account
View this answerAccounts Receivable Management:
Accounts receivable management refers to the process of ensuring the recovery of payment from the accounts...
See full answer below.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:

from
Chapter 7 / Lesson 4Explore the impact of receivables management. Learn the definition of receivables management, understand its purpose, and see examples of it in action.
Related to this Question
- What will the accounts receivable be on January 31?
- What is the difference between accounts receivable and accounts payable?
- What is a good accounts receivable turnover amount for a company?
- What is accounts payable considered on the trial balance?
- What is the schedule of accounts payable?
- What general ledger accounts are affected when an accounts receivable payment is made?
- What is the balance in Accounts Receivable on March 31?
- What is the difference between bills receivable and account receivable?
- What is the difference between accounts receivable and notes receivable?
- If Accounts Receivable is $50,000 and Allowance for doubtful accounts is $2,000, what is net accounts receivable? a) $50,000 b) $2,000 c) $52,000 d) $48,000
- What is the aging of accounts receivable, and how is it used to account for uncollectible accounts?
- What is aging of accounts receivable, and how is it used to account for uncollectible accounts?
- What is aging of accounts receivable,? How is it used to account for uncollectible accounts?
- What is the difference in accounts receivable and cash receipts?
- Which account(s) might a company use to record losses from receivables that are ultimately not collected?
- Which account is a liability account? a. Account payables b. Sales c. Purchases d. Account receivables
- What is included in the total accounts receivable?
- What do you debit in stockholders equity when you credit accounts payable?
- Define accounts receivable subsidiary ledger.
- Explain the terms receivables and accounts receivable.
- What are some common types of receivables other than accounts receivable or notes receivable?
- In a company's trial balance, what are the accounts payable?
- Define the Accounts Payable account.
- Which account shows the amount of accounts receivable that the business does not expect to collect? a. Unearned Accounts Receivable. b. Allowance for Uncollectible Accounts. c. Sales Returns and Allowances. d. Uncollectible Accounts Expense.
- How much of Accounts Receivable were "written off" the month?
- How are accounts receivable usually valued in the balance sheet?
- Distinguish between accounts payable and accounts receivable.
- In doing accounting, what does "post to the accounts and keep a running balance for each account" mean?
- How to calculate the amount of accounts receivable written off?
- Which of the following types of accounts will always be debited to adjust for an unrecorded receivable? A) Liabilities B) Revenues C) Receivables D) Expenses
- Which of the following accounts is not classified under assets? A) Cash B) Salaries Payable C) Accounts receivables D) Notes receivable E) Accrued liabilities Cash
- What is the journal entry to record a collection of $2,800 of outstanding accounts receivables?
- Accounts Receivable has a debit balance of $5,000, and the Allowance for
- Which of the following asset accounts is increased when a receivable is collected? a. Accounts Payable. b. Supplies. c. Cash. d. Accounts Receivable.
- Explain how accounts receivable turnover affects the amount of cash that must be invested in accounts receivable.
- If my accounts receivable are $68,519.91 and have a 4.0 turnover, what would that be? What formula would i use to find the answer for it?
- What are the journal entries used when a customer whose account (receivable) has been written off as uncollectible actually pays what they owe?
- Which of the following would not be included on a balance sheet? A) Accounts receivable B) Accounts payable C) Sales D) Cash
- What is the aging of accounts receivable method? How is it used to account for uncollectible accounts?
- Which of the following accounts normally has a credit balance? A. Notes Payable B. Dividends C. Rent Expense D. Accounts Receivable
- Which account below should be debited to record receiving a payment on an account receivable? a. Cash b. Accounts Receivable c. Allowance for Doubtful Accounts d. Bad Debt Expense (Ret. Earn)
- Under what balance sheet classification does accounts receivable belong?
- Which of the following accounts has a normal debit balance? A. Revenue. B. Notes Payable. C. Cash. D. Accounts Payable.
- Which of the following accounts is most likely associated with an accrued expense? a. Depreciation Expense b. Salaries Payable c. Unearned Revenue d. Accounts Receivable
- Which of the following is not considered to be a liability? a. Wages Payable b. Accounts Receivable c. Unearned Revenues d. Accounts Payable
- At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $35,000 and the allowance for uncollectible accounts is estimated at 18% of gross receivables? a. $6,300 b. $41,300 c. $35,000 d. $28,700
- Which of the following is not an asset account? a. Supplies. b. Accounts Payable. c. Equipment. d. Accounts Receivable.
- Which of the following is a liability account? a. accounts receivable b. cash c. building d. notes payable
- Which of the following accounts decreases with a debit? A. Accounts Receivable B. Notes Payable C. Rent Expense D. Cash
- Where does Accounts Receivable fall under the accounting equation?
- Which of the following accounts is a contra account to Sales? a. Accounts Payable b. Sales Returns and Allowances c. Accounts Receivable d. Interest Revenue
- What are the two general ledger accounts that may act as control accounts for a subsidiary ledger?
- Which general ledger accounts appear on the balance sheet?
- Which of the following items is not in a balance sheet? A) Revenue B) Accounts Receivable C) Equipment D) Accounts Payable
- Which of the following is an asset account? a. wages payable b. notes payable c. unearned revenue d. accounts receivable
- Which of the following accounts has a normal credit balance? a. Accounts Receivable b. Sales c. Inventory d. Delivery Expense
- What does the accounts receivable turnover ratio measure? A. How quickly accounts receivable turn into cash. B. Average balance of accounts receivables. C. How quickly the accounts receivable balance increases. D. How quickly inventory turns into account
- Which of the following accounts does cash basis accounting ignore? a. payables b. revenues c. cash d. expenses
- Which of the following accounts is an asset? a. Salaries expense. b. Accounts payable. c. Service revenue. d. Prepaid expense.
- What is a debit balance in the allowance for doubtful accounts?
- What were the accounts receivable days outstanding as of the end of the year (not average for the year)?
- Which of the following types of accounts will always be debited to adjust for an unrecorded liability? A) Liabilities B) Revenues C) Receivables D) Expenses
- What is the amount of the receivables expected to be collected?
- Which of the following is not a liability? a. Unearned Revenue b. Accounts Payable c. Accounts Receivable d. Note Payable
- Which of the following is not an asset? A) Cash B) Accounts Payable C) Accounts Receivable D) Equipment
- Management could determine the amounts due from customers by examining which ledger account? a. Service Revenue b. Accounts Payable c. Accounts Receivable d. Supplies
- Which one of the following is not an accounting problem (issue) associated with accounts receivable? a. depreciating accounts receivable b. recognizing accounts receivable c. valuing accounts receivable d. accelerating cash receipts from accounts receivab
- How is a bad account receivable written off?
- Which of the following is not a liability? A. Unearned Revenue B. Accounts Payable C. Accounts Receivable D. Interest Payable
- Identify the cycle to which each of the following general ledger accounts will ordinarily be assigned: a) sales, b) accounts payable, c) retained earnings, d) accounts receivable, e) inventory an
- Examine the five steps to managing accounts receivable.
- How would cash collected on accounts receivable affect the balance sheet?
- How to calculate bad debt expense with accounts receivable?
- Which of the following is NOT an item of a Balance Sheet? A) Accounts Receivable B) Accounts Payable C) Sales Revenue D) Marketable Securities
- Describe the accounting procedures for notes payable and accounts payable.
- Which account below should be credited to record the purchase of merchandise for resale on account? a. Cash b. Accounts Receivable c. Inventory d. Accounts Payable
- How much cash is received on accounts receivable in July?
- How to calculate the amount of accounts receivable that customers owed the company?
- How would you describe the entries to record the disposition of accounts receivables?
- Which account below should be debited to record the purchase of merchandise for resale using cash? a. Cash b. Accounts Receivable c. Inventory d. Accounts Payable
- The accounts receivable turnover measures _____.
- When performing services on account do you debit accounts receivable?
- What accounts are affected when a merchandiser sells units on account? Specifically, what accounts are debited and credited?
- Which of the following accounts has a normal credit balance? a) Sales b) Accounts receivable c) Salary expense d) Goodwill
- Which of the following accounts is most likely associated with a deferred revenue? a. Depreciation Expense b. Salaries Payable c. Unearned Revenue d. Accounts Receivable
- What accounts need to be closed at the end of the accounting period?
- What accounts are debited and credited to record the collection of rent?
- Which accounts are increased by debits? A. Accounts Receivable and Utilities Expense B. Accounts Payable and Service Revenue C. Cash and Accounts Payable D. Salaries Expense and Common Stock
- Which of the following is a method to generals cash from accounts receivable? Assignment Factoring a. Yes No b. Yes Yes c. No Yes d. No No
- Which of the following items is not a specific account in a company's accounting records? A. Income B. Accounts Receivable C. Sales Revenue D. Service Fees
- Under what balance sheet classification does accounts payable belong?
- How do accounts receivable affect the cash flow statement if the accounts receivable balance is increasing?
- Which of the following accounts in a merchandising company is affected by both the revenue cycle and another cycle? a. Sales b. Sales returns and allowances c. Inventory d. Accounts receivable e. Accounts payable
- How to account for write off of receivables using percent of receivables?
- What is the difference between the Control Account (debtors and creditors) in the general ledger and the subsidiary ledger relating to Debtors and creditors?
- What is the ending balance in the allowance for bad debts accounts?
- Explain accounts payable accounting using a real example and general ledger accounts.
- At year-end, Chief Company has a balance of $10,000 in accounts receivable, of which $9,000 is within 30 days and $1,000 is over 30 days. Using the aging of accounts receivable method, Chief estimates that 1% of accounts within 30 days and 10% of accounts
- Which of the following accounts is not affected when an account receivable written off as uncollectible is unexpectedly collected? a. Cash b. Allowance for Bad Debts c. Bad Debt Expense d. Accounts Re
- Which of the following accounts is not included in the liability section of the balance sheet? a. Notes payable. b. Wages payable. c. Taxes payable. d. Accounts payable. e. Accounts receivable.