Accts Receivable are from credit sales of inventory to customers of the company. Notes Receivable relate to loan payments to be received by the company from someone they loaned something (usually cash) to. Normally there will be a principle amount and an interest amount that are accounted for in separate accounts.
lol funniest accounting teacher or should i say pro. ever. This gotta be the easiest way to explain “assets” what school does she teach? anyone?
Santa Fe Community College in Gainesville Florida
tnx
Accts Receivable are from credit sales of inventory to customers of the company. Notes Receivable relate to loan payments to be received by the company from someone they loaned something (usually cash) to. Normally there will be a principle amount and an interest amount that are accounted for in separate accounts.
u should be my teacher…i got a test in accounting 2mrw :-/
lol
thank gog i found u before my first accounting class… thank u
the pen on the paper is killing me… to much paper being wasted why not use powerpoint:-S
fuckin, the noise of the pen writing on the paper is killing me..
I must say that she explains the equations better than my teacher.