Albuquerque New Mexico Accounts Receivable - Contract to Sale
Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-00402
Format:
Word;
Rich Text
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Description
Accounts Receivable -Contract to Sale is a Contract to convey all accounts to a third party at a discount. The Seller agrees to sell to the Buyer all of Seller's right title and interest in all accounts as listed on the attached Exhibit, together with all invoices representing, and all money due or to become due on the assigned accounts and all other rights in the assigned accounts of any type. This Contract can be used in any state.
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FAQ
To record the sale of accounts receivable, you should create a journal entry that reflects the transaction accurately. First, increase the Accounts Receivable account with the amount due and credit the Sales Revenue account for the same amount. Recording these sales properly is essential for businesses in Albuquerque New Mexico, as it ensures accurate accounting and improves your financial management practices. US Legal Forms offers tools and templates to help streamline this process for your convenience.