what are accounts receivable? And how do you determine it's an accounts receivable?

Question

Or how do you find accounts receivable on a balance sheet.

Answer 1

Accounts Receivable is money owed to you.
It is the opposite of Accounts Payable, which is money owed to others.

Answer 2

A/c s receivable is the list of debtors, they all owe you money. They may be your clients who purchase things from you. In case of a company, the shops/firms to which they supply their product on credit will appear in accounts receivables list.
If there is some money outside that should come to u, then its in a/c s receivables.
On a balance sheet, this will appear in current assets. This is because u can get that money any time. You may not find the item a/c s receivable in a balance sheet since its usually clubbed with other current assets of the company.

Answer 3

What monies do you expect to receive as your business?

Income- from trades services, or sale of goods or both (like a baker). The idea is that money that you expect to earn (>50% chance of getting it), but haven't got it yet.

You will group all these accounts together on the balance sheet under the label assets

So the balance sheet> Assets> A/R will give you an idea of money that you are supposed to have, but just havent got it yet.

Suppose a customer has delayed his/her payment by like 5 years, that may indicate that they are not willing to pay up, and so the prob of getting that money falls say <50% and then you take it out of receiveables and into say bad debts ...

Answer 4

They are accounts of money/funds due to a company - the opposite of "accounts payable".

"Accounts receivable" are represented by invoices or bills issued - Sales Ledger.

"Accounts payable" are represented by invoices or bills that are a liability to the company - Purchase Ledger.

Answer 5

My Dear Account recievable is those cash, are goods which you have to recieve the transaction willbe in your book,
Dr : Cr
A/c rec : Zaibe when recieve
Zaibe : A/c rec