Receipts

Examples of Receipts in the following topics:

• Receipts

  • Receipts generally refer to the collection of accounts receivable, which are the payments of paying customers over time.
  • Receipts also refer to the returns off of short-term investments as well as the sale of various assets.
  • There are other potential incoming cash flows that also fall under receipts, which are worth noting on a case by case basis.
  • On the inverse side of receipts, disbursements are outgoing cash flows during a short-term business operation.
  • By comparing receipts with disbursements, the overall available cash flow can be derived.

• Components of the Cash Budget

  • The cash budget includes the beginning balance, detail on payments and receipts, and an ending balance.
  • A cash budget is a prediction of future cash receipts and expenditures for a particular time period, usually in the near future.
  • Cash receipts from customers - Collecting the accounts receivable.

• Types of Transactions

  • Transactions include sales, purchases, receipts, and payments made by an individual or organization.
  • Transactions include sales, purchases, receipts, and payments made by an individual or organizations.
  • Receipts refer to a business getting paid by another business for delivering goods or services.

• Lab 1: Chi-Square Goodness-of-Fit

  • Ask 30 people as they leave for the total amount on their grocery receipts.
  • For each fifth, count the observed number of receipts and record it.
  • Then determine the expected number of receipts and record that.
  • For each cell, count the observed number of receipts and record it.
  • Then determine the expected number of receipts and record that.

• Alternate Sources of Funds

  • Receipts for the sale of loans, debt, or equity instruments in a trading portfolio

• Activities of the Business: Financing, Investing, and Operating

• Types of Communication: Verbal, Written, and Nonverbal

  • Since oral communication almost always involves the simultaneous transmission and receipt of a message, feedback from the audience is immediate.
  • There is usually a gap of time and space between creation/transmission of a written message and its receipt.

• Differences Between Accrual-Basis and Cash-Basis Accounting

  • Under the accrual accounting method, the receipt of cash is not considered when recording revenue; however, in most cases, goods must be transferred to the buyer in order to recognize earnings on the sale.
  • The cash-basis method, unlike the accrual method, relies on the receipt and payment of cash to recognize revenues and expenses.

• Recycling and job growth

  • Indirectly, it has been estimated that recycling creates an additional 1.4 million jobs and over $173 billion in receipts.

• Slave Families

  • This image shows a receipt for the sale of a slave.