The Convention on the Rights of the Child is the most widely and rapidly ratified human rights treaty in history. Only two countries, Somalia and the United States, have not ratified this celebrated agreement.
Definition of accounts receivable: Money which is owed to a company by a customer for products and services provided on credit. This is often treated as... Definition of accounts receivable: Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice. See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
An accountant enters all accounts receivables invoiced during an accounting period as a credit, or increase, on the companyâs income statement. The accountant also adds all accrued receivables during the accounting period into the income statement as a credit for that period.xamples. A company designs a print advertisement for a customer and sends an invoice indicating the customer owes $600 for the services provided. The outstanding amount due, $600, is an accounts receivable. The same company earns a $2,000 commission selling advertising space for a client in the month of March.