accounts receivable

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Related to Account Receivable: account payable

Accounts receivable

Money owed by customers.

Accounts Receivable

1. Money that a customer owes a company for a good or service purchased on credit. Accounts receivable are current assets for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days. See also: Collection period.

2. A unit within a company's accounting department that deals with accounts receivable.

accounts receivable

Money owed to a business by customers who have bought goods or services on credit. Accounts receivables are current assets that continually turn into cash as customers pay their bills. Also called receivables.

accounts receivable

References in periodicals archive ?
F-1 [the surviving company] will be the successor in interest to F-2 with respect to any account receivable established in accordance with section 4.
In addition, again based on Jack's collection efforts, it is possible that a bad debt deduction could be sustained for the $4,000 account receivable due from Ligustrum's Plants.
16) See TAM 9447003 regarding consistent character of account receivable and underlying transaction, to the extent pertinent for other tax purposes, e.
The Company has elected to use a conservative approach and establish the allowance which represents the full amount of the customer's account receivable.
valuation of this account receivable in light of the ongoing
b) A maximum of 325,000 Preference shares ("Preference Shares") to be issued to Shareholder from the treasury of the Corporation, subject to adjustment for Net Book Value and Account Receivable guarantee.