1. Receivables
Receivables are amount owed to the firm by outsiders in the form of regular account or written promissory note to be collected in the future.
Classification of Receivable
1. Account Receivable (A/R)
A/Rs are amount owed to the firm by customer which create from selling merchandise or services on credit

2. 2. Non Account Receivable (NAR)
NARs are amount owed the firm wich are not created from selling merchandise or services on credit
Examples of non account receivable:
Interest Receivable
Taxes Receivable
Employess Receivable
Devidend Receivable

3. Handling of Receivables
To prepare list of receivables. It consists of the name of costumers, balance of receivables, customers address, transaction date, maturity date of account, and term of credit.
To prepare bill of account
To prepare copy of experied/matured and attach to bill of account
To send bill of account to custumers

4. Recording Changes / Collectible of Receivables
Posting to subsidiary ledger and ledger
Three methods to journalize and posting receivables
a. Posting from journal to the subsidiary ledger
Sales invoice
General Ledger
Sales journal
Subsidary Ledger

5. Notes: b. Posting to subsidiary ledger from business transaction
c. Ledgerless Bookepiry
Notes:
- General Ledger = Control Account of Account Receivable
- Subsidary Ledger = Customer account
Sales invoice
General Ledger
Sales journal
Subsidary Ledger
Sales invoice
General Ledger
Sales journal
Notes

6. Control Account of Receivable
d. Recording/ posting collectibility of Account Receivables
Cash Receipt
Control Account of Receivable
General journal
Costumer Account

7. Confirmity Account Receible Balance
Posting Collectibillity Account Receivable
Control Account Subsidary Ledger
Account Receivables
UD. Panca
Mrs. Haris b
CV. Abadi c
Mr. Andhika d
Mr. Harry e