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What Is Accounts Receivable (AR)?

What Is Accounts Receivable (AR)?

What Is Accounts Receivable


Accounts receivables are money owed owed in your company, commonly from income on credit. Accounts receivable is enterprise asset, the sum of the money owed to you by clients who haven’t paid.


The popular manner in business-to-enterprise sales is that when items or services are brought the come with an bill, that is to be paid later. Business customers expect to be invoiced and to pay later. The money concerned goes onto the seller’s books as bills receivable, and onto the buyer’s books as bills payable. 

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