accounts receivable

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Related to receivables: Net Receivables, Receivables Financing

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 receivables grow, the manufacturer contributes proportionately greater equity.
In reaching that conclusion, it noted that the receivables were separate and distinct assets that provided the bank with significant future benefits, including an interest income stream.
A typical business that extends credit will have 10% to 20% of its annual sales tied up in accounts receivables at any given time, adds Jones.
448(d)(5)-2T(e)(i), the uncollectible amount of receivables is determined by multiplying the amount of outstanding receivables by an experience ratio.
Commercial banks and finance companies have been doing asset-based lending for years, taking assets and receivables as collateral.
88-22, transfers of participating interests in credit card receivables to investors could be accounted for as sales if the conditions specified in paragraph 5 of FASB Statement no.
Congress's rationale for offsetting BIG in the form of receivables with built-in loss in the form of a promise of compensation is consistent with the common practice of a PSC eliminating its current taxable income for the year by payments of compensation.
It differs from discount factoring, where somebody advances money to a manufacturer for existing receivables and collects the balances.
However, when calculating the built-in gains tax, a recognized gain on the receivables can be reduced by the wages paid within the first 2 1/2 months, thus eliminating or reducing the built-in gains tax on the zero-basis receivables.