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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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62% - Often
62% - Often
Accounts Receivable
Synonyms: | company revenue, income, invoices |
Acronyms & abbreviations: | A/R, AR |
Filed Under: | financial-banking, investments |
Tags: | accounting |
Definition of accounts receivable (A/R, AR)
- accounts receivable (A/R, AR)
- 1. Money owed to a business by purchasers who are not required to make a payment prior to receiving goods and/or services.
Related Terms and Acronyms:
- accounting period (AP) The time period used in a set of accounting books or financial statements, often 12 months.
- accounts payable (A/P, AP) Money owed by a business for goods and services received.
- accrued interest receivable (AIR) When interest on an outstanding receivable has been added to the account, but has not yet been collected.
- balance (bal.) The amount of money in your account.
- billing and accounts receivable (BAR)
- cost of goods sold (COGS) An expense that appears on a business's income statement and represents the inventory cost of the goods sold during a particular period.
- gross profit margin The difference between the sales your business generates and the costs you pay out for goods.
- retained earnings All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
- revenue Money earned by a company from its business activities.
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