Accounts receivable must be recorded in
Posted: Wed Jan 22, 2025 9:28 am
In this case, the debt is called hopeless, that is, it will never be paid. How is it recorded in financial statements? The total amount of debt from all debtors is recorded in Section II "Current assets" of the company's balance sheet in line 1230. The amount owed by each is described in explanatory tables to the balance sheet 5.
1 and 5.2. the accounting accounts from the list specified in the Order of the Ministry of Finance dated 31.10.2000 No. 94n . For example, account 60 is intended for settlements with suppliers and contractors, and turkey telegram mobile phone number list account 62 is for buyers and customers. For each of the accounts, an entry is made - an entry in the accounting documents, which helps track the movement of funds.
The balance, i.e. the remainder of the account at the end of a certain period, can be debit or credit. In the first case, this means that suppliers must, for example, ship goods or provide a service to the company for which they were paid an advance. In the second case, the balance refers to the company's obligations and it must pay suppliers for goods or services already rendered.
1 and 5.2. the accounting accounts from the list specified in the Order of the Ministry of Finance dated 31.10.2000 No. 94n . For example, account 60 is intended for settlements with suppliers and contractors, and turkey telegram mobile phone number list account 62 is for buyers and customers. For each of the accounts, an entry is made - an entry in the accounting documents, which helps track the movement of funds.
The balance, i.e. the remainder of the account at the end of a certain period, can be debit or credit. In the first case, this means that suppliers must, for example, ship goods or provide a service to the company for which they were paid an advance. In the second case, the balance refers to the company's obligations and it must pay suppliers for goods or services already rendered.