Sentence examples for receivable entry from inspiring English sources

A revenue accrual does not need to be made if an accounts receivable entry has already been recorded.

If, instead, the bank were to post capital as initial margin, then the bank would record a "margin receivable" entry on its balance sheet, which however cannot contribute to capital since this asset is too illiquid and impossible to unwind without unwinding all underlying derivatives.

Then when they are received an entry subtracting them from receivable assets is done, and an entry shows into what income account it is added.

An example of double entry accounting of receivables includes recording them as assets until they are proved as "bad debts" (noncollectable) and then "written off" as a kind of expense.

The $4000 sold on credit increases Accounts Receivables, and is therefore a debit entry.

Thus, the debit entry of $4000 under Receivables would have a corresponding credit entry of $4000 under Surplus.

To record the journal entry, the company debits Accounts Receivable for $2000 and credits Service Revenue for $2000.

So the credit sales can be calculated as (cash received - initial accounts receivable + ending accounts receivable).

In that Maner audit, the standard letter that accompanies every audit noted that the firm had had to make 14 adjustments to the United Way's journal entries concerning pledges payable and receivable.

Once the final entry is made, the Rent Payable and Rent Receivable accounts will have a balance of 0. If the free rent had been granted at the end of the lease instead, the deferral accounts "Unearned Rent" and "Prepaid Rent" would be used instead of the accrual accounts "Rent Receivable" and "Rent Payable".

These journal entries will continue to deplete the balances of Lease Receivable and Lease Payable until they reach 0 at the agreement's end.