Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 44 - No. 44)
What is an 'account receivable'?
Money owed to a business by its customers.
Money the business owes to its suppliers.
Cash the business has in the bank.
The owner's investment in the business.
Explanation
An account receivable represents money owed to the business by its customers for goods or services already provided on credit.
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