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Money owed by customers to an entity in exchange for goods & services provided or delivered but not yet paid for. These payments are usually due within a relatively short time period ranging from a few days up to a year. Accounts receivable is often recorded as an asset because this represents a legal obligation for the customer to remit cash for short-term debts.
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What is meant by the term factoring accounts receivable?
Factoring accounts receivable is a term used in finance. It refers to a specific kind of transaction in which one business sells invoices to another business at a discount.
Are accounts receivable assets or liabilities?
Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.
What is meant by the phrase 'medical receivables factoring'?
Medical receivables factoring is a term used when funding companies purchases their accounts receivable for health care providers. They immediately receive the payment once funding company purchases their accounts receivable.
Is cash on demand an accounts receivable payment term not standard in business?
No, Accounts receivable are amounts due from customers for credit sales
Are Notes receivable are classified as current liabilities?
Notes Receivable are "not" classified as a liability at all, since they are receivable (meaning the company will receive them) they are classified as Long Term Assets. Accounts Receivable (Current Asset) Notes Receivable (Long Term Asset) Accounts "Payable" (Current Liability) Notes "Payable" (Long Term Liability)
What is meant by the term factoring accounts receivable?
Factoring accounts receivable is a term used in finance. It refers to a specific kind of transaction in which one business sells invoices to another business at a discount.
Are accounts receivable assets or liabilities?
Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.
What is meant by the phrase 'medical receivables factoring'?
Medical receivables factoring is a term used when funding companies purchases their accounts receivable for health care providers. They immediately receive the payment once funding company purchases their accounts receivable.
Is cash on demand an accounts receivable payment term not standard in business?
No, Accounts receivable are amounts due from customers for credit sales
Are Notes receivable are classified as current liabilities?
Notes Receivable are "not" classified as a liability at all, since they are receivable (meaning the company will receive them) they are classified as Long Term Assets. Accounts Receivable (Current Asset) Notes Receivable (Long Term Asset) Accounts "Payable" (Current Liability) Notes "Payable" (Long Term Liability)
What does the term accounts receivable?
Accounts receivable is money that a client owes to a company. The company bills the client detailing the cost and nature of the goods acquired or services rendered on the clients behalf. It is not, however, a term used to describe debts, which are called notes receivable.
What is long term accounts receivable?
It is classified as Long term, if you will receive them more than a year.
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
What is the accounts receivable term for the average time it takes your customers to pay you?
Net
What is the meaning of pledged receivables?
Pledged accounts receivable, also known as accounts receivable financing, is a type of secured short-term loan whereby the debt is recorded in the financial institution's accounts receivables account.
Is receivable a current asset?
Generally yes, most of your accounts receivable will be listed as a current asset. To make sure however remember the rule of current assets.Current assets are anything that can be turned into "cash" or liquidated easily, in an accounts receivable case, it is an account that can be expected to be paid in full with one year or one accounting cycle. Anything over that term is consider a long-term asset, though in accounts receivable, usually a long-term asset is listed as a "note" receivable, but that is not always the case.
What does a schedule accounts receivable show?
the schedule of accounts receivable shows
