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2. Accounts receivable - Wikipedia

   en.wikipedia.org/wiki/Accounts_receivable

   Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.

3. Controlling account - Wikipedia

   en.wikipedia.org/wiki/Controlling_account

   Thus, while the "accounts receivable balance" can report how much the company is owed, the accounts receivable subsidiary ledger can report how much is owed from each credit customer. Other examples of controlling accounts and their subsidiary ledgers include " accounts payable " (accounts payable subsidiary ledger) and " equipment " (equipment ...

4. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   Sales ledger, which deals mostly with the accounts receivable account. This ledger consists of the records of the financial transactions made by customers to the business. Purchase ledger is the record of the company's purchasing transactions; it goes hand in hand with the Accounts Payable account.

5. How Accounts Payable Are Recorded on a Balance Sheet - AOL

   www.aol.com/accounts-payable-recorded-balance...

   If you want to report an accounts payable in your balance sheet, use these two steps as a guide: Receive the bill. After accepting goods or services from a vendor, you’ll likely receive a bill.

6. Borrowing base - Wikipedia

   en.wikipedia.org/wiki/Borrowing_base

   Also excluded are the accounts receivable from bankrupt customers [8] and accounts receivable that are too old [9] – usually over 90 days past due [10] (in some cases over 120 days past due. [11]) Different proportions (or 'advance rates') of accounts receivable and of the inventory are included into borrowing base.

7. Special journals - Wikipedia

   en.wikipedia.org/wiki/Special_journals

   For example, if fifty sales on account were made during one day, fifty ledger postings would have to be made to three general ledger accounts: Accounts Receivable, Sales, and Sale Tax Payable. In special journal, transactions are recorded in a single line, and the format of the journal made it possible to post only the total amount for each ...