FOR NYANYA (ONLY) ACCT200 – Wk 4 DQ
READING/OBJECTIVE:
Ch 9 Accounting for Receivables
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Order Paper NowThis chapter emphasizes receivables. We explain that they are liquid assets and describe how companies account for and report them. We also discuss the importance of estimating un-collectibles.
Ch 9 Accounting for Receivables
Describe accounts receivable and how they occur and are recorded. (p. 362)
Describe a note receivable, the computation of its maturity date, and the recording of its existence. (p. 372)
Explain how receivables can be converted to cash before maturity. (p. 375)
DISCUSSION QUESTION a minimum of 200-250 words required:
Chapter 9
7. How are Receivables sold / factored? What are the advantages? What are the disadvantages? Discuss
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