Any amount owed to a business as the result of a purchase of goods or services from it on a credit basis. Although the firm making the sale receives no written promise of payment, it enters the amount due as a current asset in its books. Accounts receivable constitute a major portion of the assets of many companies, and they may even be sold or pledged as collateral to obtain loans. Seealso account payable; factoring.
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Achieving excellence in the management of accounts receivable. (Sisters of Charity of the Incarnate Word Healthcare System's accounts receivable management initiative) (Cover Story)
Sep 01, 1993; PATIENT ACCOUNTS Recent changes in healthcare reimbursement rules and practices have made the task of accounts receivable...