Weitere Beispiele werden automatisch zu den Stichwörtern zugeordnet - wir garantieren ihre Korrektheit nicht.
Amount total value 5700 posted as a debit to the Trade debtors control a/c.
The customers ledger cards shows the breakdown of how the trade debtors control a/c is made up.
The total of each individual customer account added together should equal the total in the trade debtors control a/c.
If the amount trade debtors owe you is growing faster than sales, it could indicate poor internal credit controls.
This is done to avoid over-stating the assets of the business as trade debtors are reported net of Doubtful debt.
The report highlighted the financial risks which the Charity was exposed to, particularly those associated with loans, leases, and trade debtors and creditors.
The trade debtors control a/c is the total of outstanding debtors and the customer ledger cards shows the amount due for each individual customer.
Also known as 'debt factoring', this is a means of raising working capital against trade debtors, usually by the sale of invoices to a third party.
The individual customer accounts are not to be listed in the trial balance, as the Trade debtors control a/c is the summary of each individual customer a/c.
The lender will require a floating charge over the book debts (trade debtors) of the business as security for the funds it lends to the business under the invoice discounting arrangement.
Alternatively the acquiror may wish to have a specific retention out of the consideration only to be released after a specific timeframe once all identified pre-contract trade debtors have been collected).
The report also questioned ISC's heavy reliance on three international customers with 'one customer representing 15 per cent of trade debtors and two customers representing 45 per cent of contract work in progress'.
The CIPPA model is chosen by hardly any accountant in non-hyperinflationary economies even though it would maintain the real values of constant real value non-monetary items - e.g. issued share capital, retained income, other shareholder equity items, trade debtors, trade creditors, etc for an unlimited period of time.
But with most businesses having something like 40 per cent of their current assets and around 25 per cent of their total assets tied up in monies owing from trade debtors (ie, the ones that can be converted into cash to pay their bills and wages) this is far from ideal.