What are account receivables?

Answer 1

Account recievable is a account that records the amount should be received . Accounts receivable are the short-term financial assets of a wholesaler or retailer that arise from sales on credit. This type of credit is often called trade credit. Terms of trade credit usually range from 5 to 60 days, depending on industry practice.

Answer 2

Accounts Receivable: It is the money(CLAIM) made to the insurance company by a provider of health care (hospitals, doctors, etc) when the patient has enroled in Health care Insurance.

When company sale products on credit then accounts receivable creates and the accounting entry is.

Accounts Receivable

Sales

Entry to write off accounts receivables

Cash/Bank/Goods

Accounts Receivable

Another Answer:

'Accounts Receivable' is money owed to a business.

Answer 3

Accounts receivables are promises from customers to pay for goods or services that have already been rendered

Answer 4

on account of credit sales of merchandise or trading and service an ammount is due form purchaser that ammount is known as receiveable

Answer 5

Monies that are coming into the practice?