American Receivable Definition And Meaning In English

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:

• Receivable | Definition of Receivable by Merriam-Webster
• Receivable definition and meaning | Collins English Dictionary
• Receivable - definition of receivable by The Free Dictionary
• Account receivable definition and meaning | Collins English Dictionary
• Factoring (finance) - Wikipedia
• ACCOUNTS RECEIVABLE | meaning in the Cambridge English ...
• What is Accounts Receivable? Definition of Accounts Receivable ...
• RECEIVABLES | definition in the Cambridge English Dictionary
• Glossary of banking terms | American Banker
• How to pronounce RECEIVABLE in English

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.