Agreement Receivable Statement Format In Kings

Q: What is the turnover of King&#039;s College London?

King&#039;s College London is one of the world&#039;s top universities and one of the oldest in England, founded in 1829. It is a multi-faculty, research-led institution with some 7,200 staff and a turnover of more than 680 million.

Category:

Contracts - Factoring

State:

Multi-State

County:

Kings

Control #:

US-00037DR

Format:

Instant download

Description

The Agreement receivable statement format in Kings facilitates the assignment of accounts receivable between a Factor and a Seller (Client), enabling the Client to obtain necessary funds against their credit sales. This form outlines the process for the Factor's purchase of receivables, including rights to collect and manage the assigned accounts. Key features include the clear assignment of receivables, credit approval obligations, risk assumptions, and reporting requirements, particularly a profit and loss statement. Users must ensure compliance with the terms by making timely entries in their books and adhering to credit limits established by the Factor. The form includes specified provisions for termination, governing law, and dispute resolution through arbitration, which aims to protect both parties' interests. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a vital tool in managing financial transactions securely while maintaining transparency in accounts receivable assignments.

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FAQ

Accounts receivable are explicitly classified as current assets on the balance sheet. This categorization aligns perfectly with the definition of current assets: Short-term nature: Accounts receivable are typically expected to be collected within a year or the operating cycle, whichever is longer.

Accounts receivable are listed under the current assets section of the balance sheet and typically fluctuate in value from month to month as the company makes new sales and collects payments from customers.

King's College London is one of the world's top universities and one of the oldest in England, founded in 1829. It is a multi-faculty, research-led institution with some 7,200 staff and a turnover of more than £680 million.

The proper presentation of accounts receivable in financial statements is the gross accounts receivable less the allowance for doubtful accounts in the asset section of the balance sheet. Accounts receivable, like other assets, appear on one side of a T-account, while liabilities are on the other.

Endowment funds The University invests its endowments in managed funds run by professional investors and not directly into individual companies. In 2023–24, our Endowment Asset investments increased by £24m, from £301m to £325m.

Our registered VAT number is GB627403551.

The main types include: Trade receivables. Trade receivables are amounts customers owe for selling goods or services as part of the normal course of business. Non-trade receivables. Secured receivables. Unsecured receivables.

The Accounts Receivables Statements are documents that itemize all invoices, payments, and credits created during a specific time period, and whose intention is to remind the account holder of their account status.

Standard Operating Procedures (SOPs) for the accounts receivable process ensure consistency, accuracy, and efficiency in managing receivables. Key SOPs include: Customer Credit Evaluation: Assess customer creditworthiness before extending credit.