Accounts Receivable
Money customers owe the business for work already delivered and invoiced.
A receivable proves the business records revenue when the work is done rather than when the cash lands, which is why the line matters in the ethics topic.
Often confused with
- Accounts Payable
- A receivable is an invoice you sent; a payable is an invoice you received. Same arrangement, opposite sides.
Taught in
See also
3.7.A.2.ii