accounts receivable
- Money expected to be received by a business from its customers for goods or services already provided. It's a critical factor in assessing a company's financial health, as its value and the likelihood of collecting the amount can directly impact the company's ability to pay its own bills
- The company's accounts receivable have been steadily increasing, indicating a growth in sales.
- With his restaurant business, he had to keep a close eye on his accounts receivable to ensure timely collection.
- Analyzing the accounts receivable helped the investor gauge the financial state of the potential business purchase.
Provide Feedback
