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DATABOOKS ACCOUNTING, 2688 Mountain Highway, North Vancouver, BC V7J 2N5

 (604) 343-4634 hello@databooksaccounting.ca

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Definition

Accounts Receivable

Accounts receivable is a current asset account in which a company records the amounts has a right to collect from customers who received goods or services on credit.

Example:

You sell $200 of widgets to a customers on credit. After this sale, your accounts receivable balance will increase by $200.

See also