accounts receivable
A subledger of the general ledger that lists money owed by the company by customers and other sources (Also known as receivables). A/R lists items of value to the company, monies owed in the future by clients and customer against which the value of company is measured, and other financial activities that can be leveraged, such as loans. A/R shows up as an asset on the balance sheet and as revenue on the income statement.
A creditor's accounts of money owed to him; normally arise from the sale of products or services.
accounts receivable