Usually the credit period is short ranging from few days to months or in. Accounts receivables represent financial assets coming into a company, and thus needed to be recorded properly - and tracked closely.
Definition: Accounts Receivable ( AR) is the proceeds or payment which the company will receive from its customers who have purchased its goods & services on credit. These are frequently classified as: Accounts receivable, receivables resulting from the sale of goods or services on account.
Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. வர்த்தக receivables தள்ளுபடி அமைப்பு பொருள். Receivables may refer to a company' s claims to the future collection of cash, other assets, or services. Receivables, or accounts receivable, are debts owed to a company by its customers for goods or services that have been delivered but not yet paid for.