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Account Receivables

In: Financial Statements

Author

Listed:
  • Felix I. Lessambo

    (Fordham University)

Abstract

Receivable is a general term that refers to all monetary obligations owed to the business by its customers or debtors. As long as a business expects to recover the money from the debtors, it records its receivables as assets on its balance sheet because it expects to derive future benefits from them. It does not matter whether they are due in the current period or not.

Suggested Citation

  • Felix I. Lessambo, 2022. "Account Receivables," Springer Books, in: Financial Statements, edition 2, chapter 0, pages 59-76, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-15663-2_4
    DOI: 10.1007/978-3-031-15663-2_4
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