O'Reilly logo

Business Analysis with Microsoft® Excel, Second Edition by Conrad Carlberg

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Getting a Current Asset Accounts Receivable Balance

Credit sales are a fact of business life. If yours is a retail business with any appreciable degree of competition, you almost certainly must accept credit cards as a method of payment or risk losing business to your competitors. If your principal customers are themselves businesses, you must contend with the fact that they, like you, want to use their assets most efficiently. One way to do so is to use a good credit history to acquire more goods on credit.

The result is that you must temporarily show these credit sales as funds that you expect to receive at some point in the future. The matching principal, which was discussed in Chapter 1, applies here: it requires that you match revenues to ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required