Accounts Receivable (AR) Question:
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What is an Accounts receivables?
Answers:
Answer #1Money owed by a business enterprise for merchandise bought on open account. It is also called "A/R" or just "Receivables". Accounts Receivable are the amounts owed to a company by its customers and/or employees.
Answer #2Money owed TO a business enterprise for merchandise provided by the business on credit is bills receivable or accounts receivable
Money owed by a business for goods bought on credit is accounts payable
Money owed by a business for goods bought on credit is accounts payable
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