Accounts Receivable VS Sales
We already studied about Accounts Receivable and Sales in our previous articles, but here we are concerned with the difference between Accounts Receivable And Sales (Accounts Receivable VS Sales). 1. Nature of Accounts: The main difference between Accounts Receivable And Sales is the Nature of Accounts. Accounts Receivable are the debts due that are payable by the customer to company within the specified Accounting Period, usually within one Year. Accounts Receivable are Current Assets And transferred to Balance Sheet . While Sales is A Revenue and it is the price of goods sold or services rendered by company to its customers. Sales is transferred to Income Statement or Profit And Loss Statement to calculate the profits on goods sold or services rendered by the company to its customers. You may also be interested in “ Difference Between Income Statement And Balance Sheet ” 2. Accounting Journal Entry For Accounts Receivable, following Acc...