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Annual Credit Sales vs Account Receivables

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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August 23, 2020 at 11:55 pm #581687
stevenlino
Member
- Topics: 19
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Hello Sir,
Please I don’t understand the difference Annual credit sales and Account Receivables. I usually get confuse when it concerns the reduction in receivables.
August 24, 2020 at 9:07 am #581728
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
Annual credit sales is the total of the sales on credit for the year.
Receivables is the amount owed to us by customers at a particular date.
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