Accounts Receivable – What Is Accounts Receivable?

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What Is Accounts Receivable?
It is the opposite entry of accounts payable. For a firm, accounts receivable is the balance due from a customer. To continue the example in the entry of “Accounts Payable,” the firm that makes the sales will record an accounts receivable of $500,000. In this case, the firm making the sale is the party that provides the free financing.
See also “Accounts Payable.”

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