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2006-08-28 06:33:45 · 8 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
How much money is coming in, and how much money people owe, including what the business owes.
2006-08-28 06:39:08 · answer #1 · answered by Peapod 4 · 0⤊ 0⤋
Accounts Receivable is the accounts that owe the company money on account. The A/R clerk is the person who collects on the A/R accounts and sends out the bills.
2006-08-28 06:41:37 · answer #2 · answered by Samantha M 3 · 0⤊ 0⤋
Accounts receivable are unpaid customer invoices, and any other money owed to you by your customers.
or
Money which is owed to a company by a customer for products and services provided on credit. This is treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.
2006-08-28 06:59:52 · answer #3 · answered by hottestshop 1 · 0⤊ 0⤋
Do you mean account receivable.. in a financial statement?
Accounts receivable are a type of asset for a business... it's money that customers owe a business from prior sales...
2006-08-28 06:42:50 · answer #4 · answered by fritzman 2 · 0⤊ 0⤋
Accounts Receivable is the segment of a business that handles the income of the company. They generally manage the billing/invoice, track payments that are due to them for services rendered and collect on past due invoices. Stuff like that.
2006-08-28 06:40:28 · answer #5 · answered by limgrn_maria 4 · 0⤊ 0⤋
Cash that comes into the company.
Cash that goest out from the company, would be
Accounts payable.
2006-08-28 07:05:04 · answer #6 · answered by * Deep Thought * 4 · 0⤊ 0⤋
it means bill,payment,due which is receivable and it is an asset thats why it is shown in asset side of balance sheet.
2006-08-28 07:00:36 · answer #7 · answered by prem 1 · 0⤊ 0⤋
is it a debit or a credit? I always get confused on this.
2015-11-26 22:02:04 · answer #8 · answered by Jeffrey 1 · 0⤊ 0⤋