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.

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 ?
As the eighteenth century dawned, book debt embodied the credit that ran the local economy in Connecticut.
The case before the House of Lords concerned the issue of whether or not a charge on book debts could be considered 'fixed', an issue important for lenders as it ranks them ahead of any unsecured creditors in the event of the company's insolvency.
For insolvency practitioners, the old rules about who is paid the book debt realisations no longer apply, and they will need to exercise caution before paying them to the bank.
These actions would bring Terra's book debt level to $331 million, constituting 12.
2% CREDIT STATISTICS Book Debt / Equity Book Debt (A) $3,461,590 Total Book Equity (B) $2,025,300 Book Debt / Book Equity (A) / (B) 1.
Vivendi Universal's net book debt (gross debt less cash under French accounting principles) at December 31, 2002 is expected to be in the order of E13 billion.
4% THIRD QUARTER 2002 CREDIT STATISTICS Book Debt / Equity Book Debt (A) $3,387,560 Total Book Equity (B) $1,877,545 Book Debt / Book Equity (A) / (B) 1.
Total book debt to capitalization at 57% remains aggressive for this ratings category.
Mark Levine's book Debt was a 1993 National Poetry Series selection.
5 billion in debt over the past 10 years to a level where consolidated book debt is around $900 million.
59m by debtors when it ceased trading and it is still owed PS973,000, a figure book debt collectors said it does not anticipate collecting in full.
Book debts totalling PS308,978 has been discounted to just over PS245,000 to provide for doubtful debts and collection costs and the site of the business is up for sale at West Chirton Industrial Estate and is being marketed by Sanderson Weatherall.