Negative receivableForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Negative receivableThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts February 4, 2018 at 7:34 am #434999 rihaamMemberTopics: 53Replies: 37☆☆How do we treat a negative balance in receivables. Should we reclassify as payables or keep it as it is letting to net off. Any standards relating to this? February 5, 2018 at 12:07 pm #435241 John MoffatKeymasterTopics: 56Replies: 53865☆☆☆☆☆A negative receivable is added to the payables in the SOFP. However is still shows as a credit balance on the receivables account.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Negative receivable’ is closed to new replies.