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  • INTERVIEW QUESTIONS COMMERCE ACCOUNTANCY DETAILS
    Question :
    What are the most important goals of accounts receivable?
    Category Accountancy Interview Questions
    Rating (0.4) By 1844 users
    Added on 9/7/2009
    Views 1719
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    Answers:

    These goals will depend on the needs of the organization. Show how you are aware of organizational needs and then identify the appropriate goals to meet them. Demonstrate a thorough understanding of what the goals express and how they support department and company objectives. Common aspects include positively impacting on company cash cycle, increasing cash flow, reducing DSO, reducing bad debt and write offs.



    Account receivable shows the real debtors (amount shown in currency)of the company. And it shows amount receivable from the debtors. It shows asset column in the balance sheet.



    Posted by: Harikrishnan    

    Contact Harikrishnan Contact Harikrishnan

    The important goal of accounts receivables is to minimise bad debts and to have a track of business debtors.
    It is easy to prepare statement of accounts and send to customers as a reminder which avoids bad debts.



    Posted by: Swamy    

    Contact Swamy Contact Swamy

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