In accounting, accounts receivable are defined as follows:
1 means that the company provides credit to customers under the condition of continuous operation, or that the company agrees to charge for the goods or services provided today at some time in the future?
2. All kinds of creditor's rights receivable, including notes receivable and accounts receivable. , generated by transactions between enterprises and other units or individuals.
Noun elaboration
Long - term receivables
According to the new accounting standards in 2007, the accounting method of goods sold by installment is different from before, and new subjects have been added. Long-term receivables? ,
Long-term receivables? Account accounting is as follows:
1. This account accounts for the receivables arising from financial leasing of enterprises, as well as the receivables arising from business activities such as deferred payment, sales of goods and provision of services, which are essentially financing.
Two, this course should be carried out in accordance with the lessee or the purchasing unit (accepting labor services) and other detailed accounting.
Three, the main accounting treatment of long-term receivables
(1) Lease receivables arising from the lessor's financing lease shall be debited to this account according to the sum of the minimum lease payment on the lease start date and the initial direct expenses, and shall be debited according to the unsecured residual value? Unsecured residual value? Subject, according to the minimum lease payment, the initial direct cost and the present value of unsecured residual value, credited? Fixed assets cleaning? And other subjects, according to the initial direct costs, credited? Bank deposit? Other subjects, according to the difference, are recorded? Unrealized financing income? Theme.
(2) If the long-term receivables formed from business activities such as selling goods or providing services for financing are paid by deferred installment and meet the conditions for revenue recognition, the account shall be debited according to the contract or agreement price receivable and credited according to the fair value of the contract or agreement price receivable? Main business income? And other subjects, according to the value-added tax indicated on the special invoice, credited? Tax payable? VAT payable (output tax)? Subject, according to its different, recorded in? Unrealized financing income? Theme.
(3) Debit the amount repaid by the lessee or the purchasing unit (labor receiving unit) in each installment according to the contract or agreement? Bank deposit? Subject, credited to the subject.
Four, the final debit balance of this course, reflecting the long-term receivables that have not been recovered by the enterprise.
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