Account Receivable

Business, Legal & Accounting Glossary

Definition: Account Receivable


Quick Summary of Account Receivable


A debt owed by a business that arises in the normal course of dealings and is not supported by a negotiable instrument.




Full Definition of Account Receivable


The charge accounts of a department store are accounts receivable, but income from investments usually is not. Accounts receivable generally arise from sales or service transactions. They are not necessarily due or past due. Insurance may be purchased to protect against the risk of being unable to collect on accounts receivable if records are damaged or lost.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/account-receivable/
Modern Language Association (MLA):
Account Receivable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 16, 2021 https://payrollheaven.com/define/account-receivable/.
Chicago Manual of Style (CMS):
Account Receivable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/account-receivable/ (accessed: October 16, 2021).
American Psychological Association (APA):
Account Receivable. PayrollHeaven.com. Retrieved October 16, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/account-receivable/

Definition Sources


Definitions for Account Receivable are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th October, 2021 | 0 Views.