AC07 Sales II

Accounts Receivable Aging Report

Statement of Financial Position

Confirmed

Evaluate

Miracle

Adjust Up

Adjust Down

Dr Allowance for Impairment of Accounts Receivable

Cr Accounts Receivable - Customer

Reinstate A/R

Dr Accounts Receivable - Customer

Cr Allowance for Impairment of Accounts Receivable

Cash Receipt

Dr Cash

Cr Accounts Receivable - Customer

Dr Impairment Loss for Accounts Receivable

Cr Allowance for Impairment of Accounts Receivable

Dr Allowance for Impairment of Accounts Receivable

Cr Impairment Loss Write Back

Statement of Comprehensive Income

Expenses

Impairment Loss of Accounts Receivable

Impairment Loss Write-Back (Contra Expense)

Contra Asset

Allowance for Impairment of Accounts Receivable

A/R Management

Risks

Conflict by Sales

Cash Flow

Poor credit management

Actions

Aging Report Review

Sales/Collections joint reward

Credit Control

Overdue Debts

Overdue debts

Call

Collection Agency

Delinquency Letter

Legal Action