Accounts receivable also known as Debtors, is money owed to a business by its clients (customers) and shown on its balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered.
Read more about Accounts Receivable: Overview, Payment Terms, Accounts Receivable Age Analysis, Bookkeeping, Special Uses, Related Accounting Topics
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“Genius lasts longer than Beauty. That accounts for the fact that we all take such pains to over-educate ourselves.”
—Oscar Wilde (1854–1900)