Sales reported o9n the income statement were $450,000. The accounts receivable balance increased $47,000 over the year.
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Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Djordje Surdanovic
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