Definition: Accounts Receivable is an accounting transaction that reflects money owed by entities (typically customers) to the firm on the sale of products or services on credit. |
More on accounting and auditing: Accounting Cycle, Accounts Payable, Accrued Revenue, Amortization, Appreciation, more on accounting and auditing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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