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Account Receivable (A/R)

What is Account Receivable?

Accounts receivable is the payment due to a company for goods or services delivered or used by its customer but yet to be paid. In short, account receivable is any amount of money owed by customers for good bought on credit. At the end of each fiscal year, the company records accounts receivable as a current asset on the balance sheet.

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In the second quarter of 2024, the outlook for economic development remains restrained, although there are some indications of growth. ...

8. July 2024 / Reading time: ~ 4 Min.