Account Receivable


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Related to Account Receivable: account payable

Account Receivable

A debt owed by a business that arises in the normal course of dealings and is not supported by a negotiable instrument.

The charge accounts of a department store are accounts receivable, but income from investments usually is not. Accounts receivable generally arise from sales or service transactions. They are not necessarily due or past due. Insurance may be purchased to protect against the risk of being unable to collect on accounts receivable if records are damaged or lost.

References in periodicals archive ?
03 suggests that the account receivable created "may not exceed" certain amounts.
In this case, his tax adviser should advise him to initiate these efforts during the 1996 tax year for this debt and any other account receivable that Jack feels may be uncollectible.
It is hoped that the IRS will consider allowing the establishment of a non-interest-bearing account receivable tied to filing the return on which the taxpayer-initiated adjustment is reflected.
Could, for example, the creation of an account receivable be considered substantial?
As a result, the Company and CRR were of the opinion that the customer would successfully reorganize its business affairs and that CRR would receive its outstanding account receivable.
Lockbox processors set up special post office zip codes to receive payments, deposit funds and provide electronic account receivable input to corporate customers.