raheem

Define Accounts Receivable?

I was stuck in understanding this while I was preparing about Accounts Receivable.
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albertein
Accounts receivable also known as Debtors, is money owed to a business by its clients (customers) and shown on its balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered.
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damyen
"Records receivable symbolizes bad debts by people on the company on the sale regarding offerings with credit history. For most company agencies, records receivable is often executed by creating a account and only posting or even digitally delivering this to the purchaser, which, in return, must pay that within an recognized timeframe, known as credit history terminology or maybe check phrases. "
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