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

see DEBTORS.
References in periodicals archive ?
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.
It is hoped that the IRS will consider allowing the establishment of a non-interest-bearing account receivable tied to filing the return on which the taxpayer-initiated adjustment is reflected.
The Supreme Court distinguished nexus requirements under the Due Process and Commerce Clauses in Quill; any purposeful exploitation of a market is sufficient under Due Process, but the Commerce Clause requires a "substantial presence." It is possible that a substantial presence may be found through activities not requiring a physical presence, but the Court did not define "substantial presence." Could, for example, the creation of an account receivable be considered substantial?
TAB, a wholly owned unit of FJ Management Inc, offers account receivables financing, capital equipment lease financing, equipment loans, asset-based lending, credit lines, business accounts and commercial banking services to companies in all stages of their business cycles.