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Money owed by a business is called liabilities. This includes debts and obligations that the company must pay to creditors, such as loans, Accounts Payable, and other financial commitments. Liabilities are recorded on the balance sheet and represent the company's financial responsibilities. Managing these obligations is crucial for maintaining financial health and stability.

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1w ago

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Related Questions

What is money owed to a business called?

Accounts Payable


Is money owed to your business an asset?

Yes it is. . .it is called receivable.


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The total amount of money owed by customers to our business is the sum of all outstanding balances that customers have yet to pay.


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The total amount of money owed to the business is the sum of all outstanding debts or invoices that have not been paid by customers or clients.


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It SHOULD file a claim with the court to be paid...and it will wait in line and be paid in accord with how the BK progresses...maybe all, maybe some small portion of what it is owed...depending on the situaton of the co that went BK and what what the debt is for and how it was secured, if at all.


What is money owed to a practice called?

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b2b stands for Business to Business. Collections is the collecting of money owed. So b2b collections would be something a group or company does to collect money owed by one business to another business. A b2c collections is when they are trying to collect money from consumers or customers for bills that haven't been paid to a business.


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