Insurance

Receivables

Accounts receivable refers to the money that a company is owed by its customers for goods or services provided. It is an important aspect of a business's financial health, as it represents the company's expected income. When a business sells goods or services on credit, it creates accounts receivable, which are recorded as assets on the balance sheet. It is crucial for businesses to manage their accounts receivable effectively to maintain a positive cash flow and avoid financial difficulties. By keeping track of accounts receivable, businesses can ensure timely payments from their customers and maintain a healthy financial position.

Related terms

Fiduciary liability

Understand the meaning and definition of Fiduciary liability in the context of stock market, trading, and investments.

MORE
Term Cover

Understand the meaning and definition of Term Cover in the context of stock market, trading, and investments.

MORE
Affirmative warranty

Understand the meaning and definition of Affirmative warranty in the context of stock market, trading, and investments.

MORE
Last clear chance rule

Understand the meaning and definition of Last clear chance rule in the context of stock market, trading, and investments.

MORE
Deductible

Understand the meaning and definition of Deductible in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers