Accounts Receivable

Business / Accounting / Accounts Receivable: An account in the nominal ledger which contains the overall balance of the Sales Ledger.

Allowance For Noncollectible Accounts

Business / Accounting / Allowance For Noncollectible Accounts: A contra account, deducted from Accounts Receivable, that shows the estimated losses from uncollectible accounts. MORE

Receivables Balance Fractions

Business / Finance / Receivables Balance Fractions: The percentage of a month's sales that remains uncollected (and part of accounts receivable) at the end of succeeding months. MORE

Average Collection Period, Or Days Receivables

Business / Finance / Average Collection Period, Or Days Receivables: The ratio of accounts receivables to sales, or the total amount of credit extended per dollar of daily sales (average AR/sales 365). MORE

Number Of Days Sales In Receivables

Business / Accounting / Number Of Days Sales In Receivables: A measure of the average number of days it takes to collect a credit sale: computed by dividing 365 days by the accounts receivable turnover. MORE

Net Realizable Value Of Accounts Receivable

Business / Accounting / Net Realizable Value Of Accounts Receivable: The net amount that would be received if all receivables considered collectible were collected: equal to total accounts receivable less the allowance for uncollectible accounts: also called the book v MORE

Accounts Receivable Turnover

Business / Finance / Accounts Receivable Turnover: The ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills. MORE