October 30, 2016 admin

Ford Receivable—Other

Assets

FORD RECEIVABLE—OTHER	ASSET ACCOUNT
	1270

ACCOUNT EXPLANATION
TRANSACTIONS
COMMENTS

ACCOUNT EXPLANATION

Amounts due from Ford Motor Company not expressly provided for elsewhere in this Manual such as Carryover Allowance, Parts Claims (including Parts Inventory Protection), etc.

TRANSACTIONS

					Jrnl.	Dr.	Cr.

	Parts returned under specific return program				G
		Ford Receivable—Other				1270
		Parts—Discount Earned				6550
		Parts—Return and Handling				6580
			Inventory Parts FoMoCo/Non FoMoCo				1400- 1410

	Credit for Parts Returned and Credited to Ford Parts Statement				P
		Accounts Payable—Trade				2100
			Ford Receivable—Other				1270

COMMENTS

Subsidiary records should support this account.
At month end, an aging schedule should be prepared for management review. See Account 1110, Accounts Receivable—Vehicles, for method of aging individual receivables.
Amounts outstanding 90 days or more must be reserved in Account 1291, Allowance for Doubtful Receivables.