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American Receivable Definition And Meaning In English

By Team MeaningKosh

Receivables are assets of a business, which represent money owed to the company. They can arise from customers, suppliers and other entities. This article will provide an overview of American receivable definition and meaning in English.

Table Of Content:

1. Receivable | Definition of Receivable by Merriam-Webster

https://www.merriam-webster.com/dictionary/receivable
Receivable | Definition of Receivable by Merriam-WebsterRecent Examples on the Web Forecasts, receivable, payables, and ... See the full definition for receivable in the English Language Learners Dictionary ... Subscribe to America's largest dictionary and get thousands more definitions and  ...

3. Receivable - definition of receivable by The Free Dictionary

https://www.thefreedictionary.com/receivable
Receivable - definition of receivable by The Free DictionaryA business asset due to one business from another: The clerk itemized all receivables each Friday. American Heritage® Dictionary of the English Language, Fifth ...

5. Factoring (finance) - Wikipedia

https://en.wikipedia.org/wiki/Factoring_(finance)
Factoring is the sale of receivables, whereas invoice discounting ("assignment of accounts receivable" in American accounting) is a borrowing that involves the ...

9. Glossary of banking terms | American Banker

https://www.americanbanker.com/glossary/a.html
Glossary of banking terms | American BankerDefinitions of key terms and phrases used in commercial, retail and ... For corporations, accounts receivable excludes funds due from departments, but may  ...

  • Source: Google.
  • What are American receivables?

    American receivables are assets that reflect payments due to a company as a result of sales or services provided by the company. These assets can come from customers, vendors, or other companies that owe money to the firm.

    How is an American receivable recorded?

    An American receivable is typically recorded by debiting Accounts Receivable on the balance sheet and crediting Revenue on the income statement.

    What happens when an American receivable is paid?

    When an American receivable is paid, it is typically recorded by debiting Cash on the balance sheet and crediting Accounts Receivable on the balance sheet.

    Are there any risks associated with American receivables?

    Yes, there are risks associated with keeping track of your accounts receivables such as uncollectible accounts and late payments. Additionally, businesses may also be exposed to fraud attempts when dealing with accounts receivable management.

    Conclusion:
    In summary, American receivables are assets that reflect money owed to a company as a result of sales or services provided by them. They must be properly recorded on both the balance sheet and income statement, and businesses must be aware of any potential risks associated with managing their accounts receivables.

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