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