Accounts receivable (AR) - Financial definition
Financial acronyms
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Concise definition of the term accounts receivable
Accounts receivable figuring in a company's balance sheet are amounts that are owed by its customers for goods or services it has sold.
Comprehensive definition of the term accounts receivable
A typical example would be when a customer pays using a credit card, because in that case the company hasn’t received the cash yet when the inventory goes down.