2006-08-04 10:19:06 · 5 answers · asked by abhipsa j 1 in Business & Finance ➔ Taxes ➔ United States
Accounts receivable is the money owed to you by your "customer". Like if you do a service for someone and bill them. Until you get the payment, it's considered part of your accounts receivable. After that, it's cash..
2006-08-04 10:24:01 · answer #1 · answered by ray of sunshine 4 · 0⤊ 0⤋
When one owes a department store for merchandise, etc. The store keeps an account, or record, of that person and the account balance.
That is an "Account Receivable".
2006-08-04 17:26:48 · answer #2 · answered by ed 7 · 0⤊ 0⤋
I think what you are referring to is accounts receivable. Those are specific amounts of money owed to a business by each customer. They are listed and the total appears on the balance sheet of the company to whom the monety is owed.
2006-08-04 17:27:20 · answer #3 · answered by ? 6 · 0⤊ 0⤋
it is accounts receivable and that is money that is owed and outstanding to a company , corporation , or small business .
2006-08-04 17:23:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
receiveable accounts or accounts receiveable? is means you get the bills and payments from peopel.
2006-08-04 17:22:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋