accounts receivable

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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 ?
Book accounts facilitated such transactions by allowing debtors to purchase goods or services on credit, with payment postponed until they could harvest their crops or otherwise acquire commodity money items.
People figured their book accounts in pounds, shillings, and pence, not in bushels, pecks, and weights.
Relying as they did on a creditor's willingness to extend credit to people who did not expressly bind themselves to repay the debt, book accounts implied a measure of trust between creditor and debtor.
Priest argues the contrary--that the "[r]elations of trust" and "community-oriented consciousness" reflected in book accounts were "a response to currency scarcity" and "represent[ed] efforts to overcome it in order to promote exchange," (37) thereby implying that the sense of community described by historians among neighbors who worshiped together every Sunday, who knew one another's affairs intimately, who supplied one another with goods and services, and whose children married one another would never have existed but for a shortage of coin or paper money.
One mark of how well written credit instruments could provide this assurance was that, unlike book accounts, they were assignable--an essential feature in a proper credit system, which requires that debts be transferable.
44) This suggested to me that when debtors and creditors dealt with one another across greater distances, as they would in a commercializing economy, they found formal written credit instruments more suitable than book accounts for their transactions--not always, to be sure, but far more often than not.