Account receivable
Account receivable (alternatively known as byby; hereinafter, the byby) is an asset that indicates the amount owed by customers.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accounts receivable. An asset that indicates the amount owed by customers.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
