Accounts Receivable Definition and Legal Meaning

n. accounting transactions related to cutomers’ bills, of the money they owe to a person, company or organization for goods and services that have been provided to them. eg. writing and delivering of invoice to each customer. In [balance sheets](https://studyfinance.com/balance-sheet/), the [accounts receivable](https://studyfinance.com/accounts-receivable/), is the amount that customers owe a business. Also called as trade receivables.