accounts receivable

(redirected from Book debt)
Also found in: Dictionary, Thesaurus, Legal, Financial.

Accounts Receivable

The sum of the monies owed to a person or enterprise which was incurred in the course of business transactions and not supported by negotiable paper.

ac·counts re·ceiv·a·ble

(AR, A/R) (ă-kownts' rĕ-sē'vă-bĕl)
The aggregate of money owed to the health care practice by all patients and/or insurers.


the bill provided to the client by the veterinarian setting out the sums owing for services rendered.

itemized accounts
the provision of accounts for professional services in which all of the medicines, materials and services supplied are itemized. The disadvantage of the procedure is the opportunity that it provides to vexatious clients to argue with the charges. It is standard procedure to provide an itemized account if the client asks for one.
accounts payable
the monies owed to other accounts by the practice and to be paid during the month.
accounts receivable
the accounts that owe the practice money and which can be expected to pay during the month.
References in periodicals archive ?
As the eighteenth century dawned, book debt embodied the credit that ran the local economy in Connecticut.
She said: "In the past, a director of a company with few fixed assets, such as property or plant, would be readily prepared to give security over its book debts in order to get funding, and this was commonly provided in the form of a debenture.
The Brumark decision, which is likely to become law in the UK early next year, means that banks can no longer have a fixed charge on book debts, " explained Spielbichler.
For insolvency practitioners, the old rules about who is paid the book debt realisations no longer apply, and they will need to exercise caution before paying them to the bank.
These actions would bring Terra's book debt level to $331 million, constituting 12.
At June 30, 2002, Vivendi Universal's net book debt (gross debt less cash) was approximately E35 billion, including approximately E16 billion for Vivendi Environnement.
5m is payable in cash on completion with the balance due on the anniversary of completion subject to the satisfactory collection of book debts and work in progress.
Book debts totalling PS308,978 has been discounted to just over PS245,000 to provide for doubtful debts and collection costs and the site of the business is up for sale at West Chirton Industrial Estate and is being marketed by Sanderson Weatherall.
Revolving working capital loans can be offered to highly reputed and credit worthy customers against their stocks and book debts.
He added: We had quite high book debts but we weren''t worried about that because we knew all the customers.
Joint administrator Mark Getliffe said efforts are continuing to realise assets, particularly book debts.
Until now it has been accepted practice that banks have been able to take a fixed charge over companies' book debts on condition that the proceeds of those debts are paid into a designated bank account.