Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a 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.
Course Features
- Lectures 17
- Quizzes 1
- Duration Lifetime access
- Skill level All levels
- Students 698
- Certificate Yes
- Assessments Self
