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Accounts receivable is a legally enforceable claim for payment held by a business against its customer/clients for goods supplied and/or services rendered in execution of the customer's order.
It is the money that the company has right to receive from their client or debtor on account of delivering goods or services.
it shows on the debit side of the balance sheet
Simple Accounts Receivables shows the debit balance of credit customer accounts.
accounts receivable means all the debtors accounts
account receivable is the creation of credit sales. It is an agreement between both parties to agree to sale and purchase of commodities between parties.
Account receivable has a very strong relation with the accounts payable.
Both concept contra with each other to know the credit position of the company,
last one the contra has strong believe in reconciliation. So Account Reconciliation help both concept to rectify the differences.,
To record goods/services provided on credit. Accounts receivable also know as Trade receivable
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