When are accounts receivable on the credit side?

Generally, the economic business occurs first but there is no collection, so the accounts receivable are generated, debited, and when the bank deposit is received, the bank deposit is debited, and the credit: accounts receivable are received.

The original voucher you mentioned, first confirm whether the business has occurred, if the business has not yet occurred, then borrow: bank deposit, credit: advance receivables, if the business and collection occur at the same time, borrow:

Bank Deposits, Credit: Income from Main Business Other Business Income, and Credit: Tax Payable - VAT Payable (Output Tax), if the business has already occurred, Borrow:

Bank Deposits Credit: Accounts Receivable.

Hope it helps!

Accounts receivable in the credit indicates the decrease in the amount of accounts receivable, your company collects, but the other party has not paid, you do borrow: accounts receivable - xx company.

Credit: main business income, etc. (if there is income, there is tax).

When the money is received, it is borrowed: bank deposit and cash in hand.

Credit: Accounts Receivable - Company XX.

Accounts receivable is an asset class account, increase the debit, decrease the credit of your business, do not belong to the accounts receivable, can not do as you do, the margin should be counted as other receivables when the payment debit: other receivables 30000....

Credit: Accounts receivable, main business income, other business income are possible.

Accounts receivable on the credit side are:

1. When the accounts receivable are recovered, the account of "bank deposit" and other accounts shall be debited and this account shall be credited.

2. When recovering the freight on behalf of the disbursement, the "bank deposit" will be debited and the account will be credited.

3. If the amount of cash received from the debtor for repayment of debts is less than the book value of the accounts receivable, the "bad debt provision" account shall be debited, the account shall be credited according to the book balance of the restructured creditor's rights, and the "non-operating expenses" account shall be debited according to the difference.

4. If the amount of cash received from the debtor to pay off the debt is greater than the book value of the accounts receivable, the "bad debt provision" account shall be debited, the account shall be credited according to the book balance of the restructured creditor's rights, and the account of "asset impairment loss" shall be credited according to the difference.

Hello, the lawyer has the answer for you.

1. The credit amount of accounts receivable: indicates the amount of the customer's defense payment or labor expenses returned to the enterprise each time; 2. The credit balance of accounts receivable reflects the accounts received in advance by the enterprise; 3. The debit balance of accounts receivable reflects the accounts receivable that have not been recovered; 4. The debit amount of accounts receivable: the amount of credit for each sale of products (commodities) or the provision of labor services to customers; Accounts receivable have a specific scope:

1. First of all, accounts receivable refers to the creditor's rights formed due to sales activities or the provision of labor services, excluding other receivables such as arrears from employees and interest receivable from debtors;

There are four types of debit and credit of accounts receivable, each of which has four meanings.

1. The debit amount of accounts receivable: indicates the amount of credit for each sale of products (commodities) or provision of labor services to customers;

2. The credit amount of accounts receivable: indicates the amount of payment or labor expenses returned by the customer to the enterprise each time;

3. Debit balance of accounts receivable: indicates the amount of arrears left when the customer accumulates credit and repayment to settle the account. It is a creditor's right asset of the enterprise;

4. Credit balance of accounts receivable: indicates the amount of overpayment accumulated by the customer on credit and repayment to the time of settlement. In fact, it is a pre-receivable collection from a business to a customer, which is a debt of the enterprise.

Extended Materials. 1. Basic Accounting Processing:

1.When accounts receivable (credit sales) occur:

Debit: Accounts receivable.

Credit: main business income (price).

Tax Payable – VAT (output tax) payable (tax).

Bank deposits, etc. (advances, fees).

2.Switch to the settlement of notes receivable, when receiving a commercial bill:

Debit: Notes receivable.

Credit: Accounts receivable.

In the case of balances, the debit side represents accounts receivable, and the credit side represents accounts receivable (accounts receivable are replaced by accounts receivable because some units do not set up accounts receivable accounts). Credit incurrence represents the recovery or write-off of accounts receivable and the recognition of advance receivables.

2. Accounts receivable.

1. Accounts receivable refers to the amount that should be collected from the purchasing unit due to the sale of goods, products, provision of labor services and other businesses in the normal course of business, including the taxes that should be borne by the purchasing unit or the receiving labor unit, and various transportation and miscellaneous expenses advanced by the buyer. Accounts receivable is a creditor's right formed with the occurrence of sales behavior of an enterprise. Accounts receivable include claims that have been incurred and will arise in the future.

The former is a claim that has already occurred and is clearly established, while the latter is a claim that has not actually occurred but will definitely occur in the future.

2. False accounts receivable is a prominent problem in factoring practice. A typical scenario is that in the course of due diligence, the factor usually verifies the authenticity of the accounts receivable with the debtor, the debtor confirms the authenticity of the accounts receivable in the inquiry letter or other documents, and the factor then signs a factoring contract with the creditor. In this case, the contract for the assignment of creditor's rights or the factoring contract is not automatically invalid, but the factor has the right to request the rescission of the contract between the creditor and the creditor on the grounds of fraud in accordance with the law, and at the same time, in accordance with the provisions of Article 157 of this Law, it has the right to request the creditor to bear the liability for returning the property and compensating for losses after the revocation.

According to the contract between the creditor and the factor, the creditor bears the obligation of authenticity of the transferred creditor's rights, and the factor also has the right to terminate the contract and request the creditor to bear the liability for breach of contract. However, whether and how the debtor is liable to the factor is controversial in practice, so this article clearly stipulates this.

Hello, I'm a financial fitness guru and I'm glad for your question.

Accounts receivable are on the debit side, indicating that there is income incurred and has not yet been collected, and the credit accounts involved are: main business income, tax payable and other accounts.

1.For normal sales, the credit accounts corresponding to the accounts receivable on the debit side are the main business income and tax payable accounts.

2.Accounts receivable appear in the credit account corresponding to the debit side.

In actual business operations, accounts are set up according to the situation.

If there is an account receivable, it means that the account has not been collected in the current month. According to the principle of substance over form, the income incurred in the current month should be included in the current month, so borrow: accounts receivable credit: main business income, etc. credit: tax payable.

The closing balance of accounts receivable is on the debit side, and if the closing balance is on the credit side, it represents the advance receivables.

Accounts receivable are on the debit side, and the credit side usually records a decrease in accounts receivable or an increase in advance receivables.

Debit: Accounts receivable.

Credit: Main business income.

Debit: Accounts receivable.

Credit: Sales revenue.

Credit: Tax Payable - VAT Payable.

Accounts receivable. The balance is on the credit side, and the balance can be flushed to the debit side in the following cases:

1. Generate new sales and form new accounts receivable.

2. Return the accounts receivable received in advance.

Accounts receivable balance, if the closing balance is on the credit side, reflects the accounts received in advance by the enterprise; The closing balance is on the debit side, reflecting the accounts receivable that have not yet been recovered.

Accounts receivable have a specific scope:First of all, accounts receivable refers to the claims formed as a result of sales activities or the provision of labor services, excluding other receivables such as arrears from employees and interest receivables from debtors.

Second, accounts receivable refers to current assets.

nature claims, excluding long-term claims, such as the purchase of long-term bonds, etc.;

Thirdly, accounts receivable refers to the amount receivable from customers by the Company, excluding all types of deposit margin paid by the Company.

Such as bid bonds.

and the deposit of rented packaging materials, etc.

The above content reference: Encyclopedia - Accounts Receivable.