NET RECEIVABLES are a companys accounts receivable (money owed to the company) minus any provisions for bad debts. A firm with a sustainable competitive advantage shows a lower percentage net receivables to gross sales than their competitors, i.e. a firm with a sustainable competitive advantage need not be generous with credit.
CASH RECEIPTS JOURNAL is the journal for recording all cash receipts.
MATERIAL WEAKNESS is a condition that could potentially result in the material misstatement of the financial statements.
Enter a term, then click the entry you would like to view.