ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2011

NOTE 5 – ACCOUNTS RECEIVABLE

Accounts receivable consist of the following as of:

	September 30, 2011 (Unaudited)			December 31, 2010
Accounts receivable	$	10,637,414		$	2,280,864
Less: Allowance for doubtful accounts		(5,661,709	)		(888,844	)

Accounts receivable, net	$	4,975,705		$	1,392,020

At September 30, 2011, net accounts receivable of $4,975,705 includes $2,327,307 for sales shipments which the Company has the legal right to collect but which management estimates the full accrual method criteria have not been met. These accounts receivable are offset by a credit to deferred sales in the same amount and will be recognized as revenue when the full accrual criteria are met.

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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-Number 210

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 13

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

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-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

+ Details

North China Horticulture, Inc. 10-Q