ACCOUNTS RECEIVABLE Definition

Bookmark and Share

ACCOUNTS RECEIVABLE is a current asset representing money due for services performed or merchandise sold on credit.

Learn new Accounting Terms

CHART OF ACCOUNTS is a list of ledger account names and associated numbers arranged in the order in which they normally appear in the financial statements. The Chart of Accounts are customarily arranged in the following order: Assets, Liabilities, Owners Equity (Stockholders Equity for a corporation), Revenue, and Expenses.

CMO see COLLATERALIZED MORTGAGE OBLIGATION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.