top of page

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

GET IN TOUCH

Connect with us! Fill out the details below and we'll get in touch with you. We are here to point you in the right direction and help you succeed.

Thank you! We will contact you shortly.

DATABOOKS ACCOUNTING

Calgary (587) 880-2847
Toronto (647) 424-4469
Vancouver (604) 343-4634


EMAIL: hello@databooks.ca

  • Facebook
  • Instagram
  • LinkedIn

Follow us on Instagram

2025 © Databooks Accounting. All rights reserved

bottom of page