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receivables
(redirected from receivable)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Receivables
An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed to the company, even if the debts are not currently due.

Notes:
Receivables are recorded as an asset by the company because it expects to receive payment for the outstanding amounts soon. Long-term receivables, which do not come due for a significant length of time, are recorded as long-term assets on the balance sheet most short-term receivables are considered part of a company's current assets.


receivables

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