Leaning Online

Here we will study about, “How To Calculate Accounts Receivable On Balance Sheet”? Accounts Receivable is calculated by preparing Accounts Receivable‘s Ledger in T Account Form or Self-Balancing Form. There is the Opening Balance that is the Previous Accounting Period’s Closing Balance. Credit Sales during the Current Accounting Period is added but Sales Return is deducted. Discount Allowed is deducted from the Beginning Balance of Accounts Receivable / Debtor. Cash Received from customers for goods sold or services rendered by the business is also deducted from the Opening Accounts Receivable Balance. Accounts Receivable T Account is shown below:                                       Rs.                                                ...