Under normal circumstances, accounts receivable entries will be made for the upcoming payment before the payment is received, so the accounts receivable entries will be directly written off when the payment is received, as follows:

1. Goods issued, accounts receivable accrued, and commodity cost accrued:

Debit: accounts receivable

Loan: income from main business

Taxes payable-VAT payable-output tax

Debit: main business cost

Loans: Goods in stock

2. Accounts receivable:

Debit: bank deposit

Credit: accounts receivable

Extended data

If the enterprise fails to make normal provision for accounts receivable, or the enterprise receives immediate remittance from the other party after the delivery of the goods, it will be directly included in the bank deposit and the cost of the goods will be carried forward. The entries are as follows:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable-output tax

Debit: main business cost

Loans: Goods in stock

Applicable details about accounts receivable:

1. Accounts receivable refer to creditor's rights arising from sales activities or provision of labor services, excluding other accounts receivable, such as employee debts and debtor's interest.

2. Accounts receivable refer to creditor's rights in the nature of current assets, excluding long-term creditor's rights, such as purchasing long-term bonds.

3. Accounts receivable refer to the accounts receivable of our company from customers, excluding all kinds of deposits paid by our company, such as bid bond, lease packaging material deposit, etc.

References:

Accounts receivable-Baidu Encyclopedia