BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The accounts receivable ledger is a subledger in which is recorded all credit sales made by a business. It is useful for segregating into one location a record of all amounts invoiced to customers, as well as all credit memos and (more rarely) debit memos issued to them, and all payments made against invoices by them.

Detailed explanation-2: -Receivables Charges means any charges, fees, interest expense, discounts, or similar items incurred by the Borrower, the Parent or their Subsidiaries in connection with the sale, transfer, or assignment by such Person of Receivables of such Person.

Detailed explanation-3: -When using an accounts receivable ledger, the total amount due from all customers is summarized in a single general ledger account. Accounts are arranged in alphabetical order within the subsidiary ledger.

Detailed explanation-4: -Accounts receivable is what you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid.

Detailed explanation-5: -Key Takeaways. Accounts receivable (AR) are an asset account on the balance sheet that represents money due to a company in the short term.