accounts receivable
Definition
Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.
See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
