Accounts Receivable (AR) Question:

What is effective collection?

Answer:

Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. we can say the Effective collection.

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Explain about Accounts Receivables in Accounting?	You raised a deposit type of transaction to a customer, and received a receipt fully also. Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using commitment Tab. If Customer is asking for refund of remaining amount. How will you refund the balance amount?