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accounts receivable |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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OptiVision will be integrated with Sonoco's
existing PeopleSoft financial system that includes accounts receivables,
accounts payables, and general ledger. Specifically excluded from
the purchase will be cash, cash equivalents and accounts receivables. A typical business that extends credit will have 10% to 20% of its
annual sales tied up in accounts receivables at any given time, adds
Jones. |
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