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  1. #1
    idiotmike is offline Member
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    Default account receivable

    Dear all,

    If I say, " account receivable with XXX company" does that mean this is our account receivable on XXX company? or it has other means

    thank you

  2. #2
    sarat_106 is offline Key Member
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    Exclamation Re: account receivable

    Quote Originally Posted by idiotmike View Post
    Dear all,

    If I say, " account receivable with XXX company" does that mean this is our account receivable on XXX company? or it has other means. No, the account receivable is an amount always payable to a company.

    thank you

    When you owe money (as a customer) to a company against sale of products or services, which is payable by certain specified time, this amount is recorded by the company as Accounts Receivable(AR). This is a term used in accounting practices for recording credit transactions in the books of account of an entity which may be an organization or a company. It represents the amount of money which is owed to a company by a customer for products and services provided on credit.

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