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ACCOUNTING RECEIVABLES CONSIDERED DEBIT OR CREDIT?

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Question added by Deleted user
Date Posted: 2015/08/17
Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

AR is considered as Debit, when we make a sales on credit than

 

A/R (Trade Debts)       DR

Sales                                  CR

Md. Mohin Uddin Mohin
by Md. Mohin Uddin Mohin , Company Secretary and AGM - Accounts & Finance , Zaheen Spinning Limited

ACCOUNTING RECEIVABLES CONSIDERED DEBIT

Imdad Hussain Rajput
by Imdad Hussain Rajput , Assistant Sales Manager , Forego

Debit the account receivable ,.,,,,,,,,,,,,,,,,,,

Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

Debit----------------------------------

Huda Adam
by Huda Adam , Faculty of Commerce Graduate , Cairo University

Accounts receivable is a future promise for cash, its considered debit

Rahab kamau
by Rahab kamau , Cheif Accountant , Impact Fitness & Beauty Center (SMC) & Innovative Code Co. (event management)

Account receivable is considered DEBIT and it's part of current assets in the Balance Sheet.

Accounting receivable mean debit

Deleted user
by Deleted user

Sure it has a debit balance

Iftikhar Hussain Shah
by Iftikhar Hussain Shah , Senior Manager Audit & Assurance , Deloitte LLP

Acoounts receivables have a debit balance.

Sayed Rubab Sayed
by Sayed Rubab Sayed , Finance Officer , The Next

My answer is Debit~~~~~~~~~~~~~~~~

 

Moinul Hassan
by Moinul Hassan , Executive- Internal Audit and Control , Evince Group

Accounting Receivables is a current asset.. So if it increases then it will be Debit, and if it decreases then it will be credit. But in general it shows a debit balance in the balance sheet as it is an asset.

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