Accounts receivable
Money customers owe you for goods or services already delivered.
Accounts receivable in round numbers
Hypothetical: a company ships 500 widgets to a customer on 30-day terms. The invoiced monetary amount remains accounts receivable until paid.
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| Assets | Liabilities and equity | ||
|---|---|---|---|
| Cash | 4.20m | Accounts payable | 6.10m |
| Accounts receivable | 7.90m | Accrued expenses | 1.70m |
| Inventory | 4.70m | Total current liabilities | 7.80m |
| Total current assets | 16.80m | Long-term debt | 10.00m |
| Property, plant and equipment | 2.30m | Other non-current liabilities | 0.70m |
| Land | 11.00m | Total liabilities | 18.50m |
| Deposits and other | 2.00m | Owners’ equity | 13.60m |
| Total assets | 32.10m | Total liabilities and equity | 32.10m |
Terms Related to Accounts receivable
Accounts payable · Working capital · Inventory · Balance sheet · Allowance for doubtful accounts · Days payable outstanding · All of the glossary