221 - Factory Receivables - Other

Current Assets

Receivables

Synopsis

Account 221

Debits

Credits

  1. Advertising expenditures which are reimbursable from the cooperative advertising fund and have been submitted for payment.

  2. The amount due from Other Distributors/Manufacturers for pre

  3. All Other Manufacturer receivables not otherwise provided for.

  1. Cash or credit amounts received applicable to items in this account.

 

 

Remarks:

Adequate subsidiary records must be maintained to substantiate each type of receivable account.

 

Each month the individual accounts should be  reconciled and followed up for payment.

Note: