Accounts Receivable - How To Discuss

Accounts Receivable

Accounts Receivable (AR) is a product or payment that a company receives from its customers who have purchased its goods and services on credit. The loan is usually short, from a few days to several months, and in some cases a year.

Literal Meanings of Accounts Receivable

Accounts:

Meanings of Accounts:

1. Financial Transaction Record A written or printed list of business transactions or debts and loans and other matters to be recorded or monitored.

2. An amount of money that can be deposited and withdrawn from a bank.

Receivable:

Meanings of Receivable:

1. Able to receive, especially the claim, from the creditor's point of view.