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
Famous quotes containing the word accounts:
“Good friends settle their accounts speedily.”
—Chinese proverb.