accounts receivable

Definition

Money which is owed to a company by a customer for products and services provided on credit. This is 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.

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Related Terms

days receivable, accounts payable, accounts receivable aging, accounts receivable turnover, factoring

'accounts receivable ' appears in the definitions of these terms on BusinessDictionary.com



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