{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


Second record the collection of the account 20 21

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: cord the collection of the account. 20 21 Notes Receivable and Interest Revenue A company reports Notes Receivable if it uses a uses promissory note to document its right to collect money from another party. Unlike accounts receivable, which do not charge interest until they've become overdue, notes receivable charge interest from the day they are created to the day they are due (their maturity date). 22 23 24 25 26 27 28 29 30 Receivables Turnover Analysis The receivables turnover ratio indicates how many times, on average, this process of selling and collecting is repeated during the period. The higher the ratio, t...
View Full Document

{[ snackBarMessage ]}