Glossary entry (derived from question below)
English term or phrase:
receivables accruals
English answer:
(see full explanation below)
Added to glossary by
Ltemes
May 4, 2004 15:38
20 yrs ago
5 viewers *
English term
emily
receivables accruals
English
Other
Accounting
accounting
what are they? and its examples
Responses
| 4 +3 | see more below |
Ltemes
|
| 5 | see comment. |
Craft.Content
|
Responses
+3
6 mins
Selected
see more below
Accounts Receivable (also known as Receivables)
Money owed to your organization, corresponding to bills or invoices that have already been sent out.
Accrual Accounting/Budgeting
The accounting/budgeting system that records revenue when it is earned, expenses when they are incurred, and the cost of using fixed assets such as buildings or equipment, as opposed to Cash Accounting, defined below.
http://erc.msh.org/fpmh_english/gloss/gloss_a.html
--------------------------------------------------
Note added at 11 mins (2004-05-04 15:49:52 GMT)
--------------------------------------------------
Accrual basis accounting - encyclopedia article about Accrual ...... But using accrual-basis accounting, receivables are debited and ... On one hand, a small business A small business may be defined as a business with a small ...
encyclopedia.thefreedictionary.com/ Accrual%20basis%20accounting - 23k - Cached - Similar pages
Money owed to your organization, corresponding to bills or invoices that have already been sent out.
Accrual Accounting/Budgeting
The accounting/budgeting system that records revenue when it is earned, expenses when they are incurred, and the cost of using fixed assets such as buildings or equipment, as opposed to Cash Accounting, defined below.
http://erc.msh.org/fpmh_english/gloss/gloss_a.html
--------------------------------------------------
Note added at 11 mins (2004-05-04 15:49:52 GMT)
--------------------------------------------------
Accrual basis accounting - encyclopedia article about Accrual ...... But using accrual-basis accounting, receivables are debited and ... On one hand, a small business A small business may be defined as a business with a small ...
encyclopedia.thefreedictionary.com/ Accrual%20basis%20accounting - 23k - Cached - Similar pages
4 KudoZ points awarded for this answer.
Comment: "Graded automatically based on peer agreement."
12 hrs
Craft.Content
Specializes in field
Word Builders In Hindi-Marathi-Sanskrit
Native in: Hindi 
Works in: English to Hindi, English, English to Gujarati, and 2 more.
Related KudoZ points
:
8
see comment.
When we sell a product / service on credit to a customer, we raise a bill that 'debits' her account. At the end of the day, we total up the amount of money that is receivable from such parties. This money is "receivables" for our business, and appears in the "assets" side of the balance sheet.
"Accruals" is a term _usually_ associated with interest calculation. It could refer to both "Interest calculated and receivable", as well as "Interest calculated and payable".
Hth.
Sanjay.
"Accruals" is a term _usually_ associated with interest calculation. It could refer to both "Interest calculated and receivable", as well as "Interest calculated and payable".
Hth.
Sanjay.
Something went wrong...