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Accounts Receivable Account Application Form Research Funder Otago Ac

Accounts Receivable Account Application Form Research Funder Otago Ac

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welcome back to the corporate finance academy today we're going to talk about accounts receivable we're going to go through a definition an example of some journal entries why do we give customers credit a few problems with credit and having an accounts receivable balance and just a few other items [Music] okay so the basics of accounts receivable and really the definition is it's money that you're due for goods or services you provided without being paid so you've done it on credit and i think a lot of times people who don't have a finance or accounting background just don't really think about sales on credit they think about buying something and paying right away but in the business world it's pretty common for custom for for businesses to give customers whether that customer is a consumer or another company time to pay 30 days is kind of a standard amount of time you'll give to someone to pay now accounts receiv

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