Llamas live wild in South America, mainly in Peru, Chile, Argentina, and Bolivia. However, they have been domesticated and there are farms all over the United States and Canad â¦ a that raise llamas.
Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.
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.