financial
Accounts Receivable
Definition
Money owed to a company by its customers for goods or services delivered on credit.
Money owed to a company by its customers for goods or services delivered on credit.
Frequently Asked Questions
What does Accounts Receivable mean?â–¼
Money owed to a company by its customers for goods or services delivered on credit.
Why is Accounts Receivable important in business?â–¼
Understanding accounts receivable is essential for proper contract drafting, business operations, and legal compliance.