Accounts receivable is defined as an asset that reflects a future payment. In actuality, an accounts receivable is a debt. How your business deals with the debt obligation, and the terms of the debt, ...

Reviewed by JeFreda R. Brown Fact checked by Vikki Velasquez Key Takeaways Accounts receivable are future cash inflows but ...

Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...

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