FOR NYANYA (ONLY) ACCT200 - Wk 4 DQ

READING/OBJECTIVE:

Ch 9 Accounting for Receivables

This chapter emphasizes receivables. We explain that they are liquid assets and describe how companies account for and report them. We also discuss the importance of estimating un-collectibles.

Ch 9 Accounting for Receivables

Describe accounts receivable and how they occur and are recorded. (p. 362)

Describe a note receivable, the computation of its maturity date, and the recording of its existence. (p. 372)

Explain how receivables can be converted to cash before maturity. (p. 375)

DISCUSSION QUESTION a minimum of 200-250 words required:

Chapter 9

7. How are Receivables sold / factored? What are the advantages? What are the disadvantages? Discuss