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Definitions from the WebAccounts ReceivableNoun: Accounts Receivable refers to the money owed to a company by its customers for goods or services that have been sold or provided on credit. It represents the total amount of outstanding payments that are yet to be received. Example sentence: The company's accounts receivable increased significantly this quarter due to a high volume of sales. Adjective: Accounts Receivable describes something that is related to the money owed to a company by its customers. Example sentence: The accounts receivable department is responsible for managing and collecting outstanding payments from customers. Related Products on Amazon: | ||||
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