Debtors’ Collection Schedule (Grade 12 NSC Matric Accounting): Flashcards

Tool showing when cash will be received from credit customers

Cash flow planning

Shows when cash received, not when sales made

Customers pay later, creating a debtor

Customers pay immediately, no debt created

Credit sales only

Encourage quick payment from customers

$\text{Total sales} \times \text{Credit sales percentage}$

Excluded - no cash will be received

Sales already happened in previous months