标题: Basics of Account receivables [打印本页] 作者: Jupiter 时间: 2011-7-13 13:06 标题: Basics of Account receivables
Please clarify followings
thanks
1. Is sinking fund related deposits are part of restricted cash?
2. Is Sales/cash discount account is contra account to revenue?
3. Is Bad debt expense a separate expenses account or it is contra sales account?
4. When the actual (realized) bad debt expenses are less than anticipated (and recorded as Allowance for uncollectible) how is the gain recorded on Income statement? (is it by crediting the amount to bad debt expenses account or as a gain in other revenue?)
