112k views
3 votes
Claims for future collection from customers

1 Answer

2 votes

Answer:

Accounts receivable

Step-by-step explanation:

Accounts receivable is an account that records money that customers owe a business. It represents money that a business expects to collect from customers for goods and services already delivered, but payment is not yet made.

Accounts receivable are treated as currents assets. The business expects to collect the money within the financial year. Account receivables arise when the business sells goods or services on credit.

User Jbtd
by
3.9k points