Lesson 14- Accounts Receivables
Learning Goals: By the end of this lesson you will be able to
1.Calculate the net realizable value of accounts receivable and account for bad debts.
2.Account for notes receivable.
3.Demonstrate the presentation, analysis and management of receivables.
Critical Thinking statement
Some objects with four wheels are cars, All cars possess a steering wheel.
This object has four wheels but no steering wheels.
Deduction
a) This object is a car
b)This object is not a car
c)This object is a bicycle
Accounts receivable
Aging schedule
Bad debt expense
Net realization value
Notes Receivable
Payee
Maker
Collection Period