Abstract
Receivable is a general term which refers to all monetary obligations owed to the business by its customers or debtors. As long as a business expects to recover the money from the debtors, it records its receivables as assets in its balance sheet because it expects to derive future benefits from them. It does not matter whether they are due in the current period or not.
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Lessambo, F.I. (2018). Account Receivables. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-99984-5_4
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DOI: https://doi.org/10.1007/978-3-319-99984-5_4
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-99983-8
Online ISBN: 978-3-319-99984-5
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