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Receivable

usgb/rɪˈsiːvəbl/Volume
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Business ContextPlay
Used in business to describe future payments owed to a company. SlideOur receivables from clients total over $200,000.
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Expectation of PaymentPlay
Implies an expectation to receive payment for goods or services provided. SlideThe receivable amount must be paid within 30 days.
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Asset on BalancePlay
Considered an asset on a company's balance sheet. SlideThe auditors reviewed the account receivable balances for accuracy.
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