|WikiProject Business / Accounting||(Rated Start-class)|
|WikiProject Guild of Copy Editors|
if the B/S provide the amount of debtors, bill receivable, deposits paid and prepayments and other receivables,can i count on all for account receivable? pls help answer me if you are accounting profession.
RM: Yes. These are all receivables primarely generated by your sales. Or ALL in direct link with a transaction based somewere in your sales ledger. Remeber that each of your credit figures must match a debit.. 16-04-2008 (EU) —Preceding unsigned comment added by 126.96.36.199 (talk) 10:17, 16 April 2008 (UTC)
- Suggest that you hire an accountant instead of freeloading on an on-line encyclopedia. Legis 13:36, 22 August 2006 (UTC)
My understanding of accounts receivable is as follows:
Accounts Receivable = Trade Debtors = Sales ledger
The first lines of the article
"Accounts receivable is one of a series of accounting transactions dealing with the billing of customers who owe money to a person, company or organization for goods and services that have been provided to the customer. This is typically done in a one person organization by writing an invoice and mailing or delivering it to the customer" does not make any sense to me. An invoice is a transaction, accounts receivable is a ledger? NilssonDenver 16:07, 2 April 2007 (UTC)
The current opening line is gramatically ambigious " Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer's order." can be read as " Accounts receivable is a legally-enforceable-claim for payment-from-a-business to its-customers/clients .... " which I believe is inncorrect. I think at the least there needs to be a verb between 'business' and 'its customers. instead of to, but I couldn't figure out how to the fix it quickly.
Accounts receivable vs Account receivables
I've heard the term "accounts receivable" and "account receivables" used interchangeably and came to Wikipedia hoping to learn which term is correct. Unfortunately, the article, too, uses both terms. I suspect that "account receivables" is an improper term. But perhaps "account receivables" is, in fact, a valid term when one is referring to a single debtor that owes on multiple ledger items (i.e. one account, multiple receivables)? Let's get to the bottom of this! —Preceding unsigned comment added by 188.8.131.52 (talk) 19:34, 14 February 2008 (UTC)
- ... "accounts(plurial) receivable(singular)" and "account(singular) receivables(plurial)".. it's all correct mate... (:-))) —Preceding unsigned comment added by 184.108.40.206 (talk) 10:23, 16 April 2008 (UTC)
- Grammatically speaking, "accounts receivable" is correct. Account is the noun, and receivable is the adjective describing it -- "accounts which are owing" -- and because there are several, the noun is pluralised. Account receivables is only grammatically correct if the entire expression "account receivable" is considered a proper noun. --Jtgibson (talk) 04:35, 28 September 2008 (UTC)
A small note on accounts receivable
Accounts receivable is a ledger in its own self-contained way. But that is not where the scope of accounting of AR ends. It ends after it is posted to General Ledger. So from the GL perspective, AR can be seen as a place which holds "transactions" very specific to "debt clearance by the external parties".
Post copy edit
Finished copy edit. Rearranged a bunch of content after spelling/grammar/usage overhaul. Request accountancy expert review new organization and author better overview than that given. Paulmnguyen (talk) 02:59, 23 July 2010 (UTC)