Account receivable?

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Question added by imran sheikh , Accountant , one of leading Kuwait Drilling Fluids & Oil Services Co
Date Posted: 2019/01/31

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What do you understand by the processes involved in accounts receivable (trade debtors)?
Top Answer: Accounts Receivable is a very important and sensitive current asset of an organization. Since it ... See More

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Accounts Receivable turnover ration will normally decrease as a result of?
Top Answer: A/R turnover = credit sales / average A/R 1- any thing ... See More

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XYZ Co. had the following sales and accounts receivable balances, prior to any adjustments at year end:
Top Answer: Required amount is $90000. Existing allowance is $50000 so there should be an adjustment of additional $4 ... See More

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Which of the following audit procedures will best uncover an understatement of sales and accounts receivables?
Top Answer: Option A is correct. Test a samples of sales transactions, selecting the samples from pre numbered shippi ... See More

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