Accounts Receivable

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Accounts Receivable (alternatively known as Accounts Receivable account, A/R account, or Accounts Receivable controlling account) is the Accounts Receivable account in the general ledger, after postings are complete, shows a firm the total amount of money owed to it. This figure is broken down in the accounts receivable subsidiary ledger, where it indicates specifically who owes the money.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Accounts Receivable account (Accounts Receivable controlling account). The Accounts Receivable account in the general ledger, after postings are complete, shows a firm the total amount of money owed to it. This figure is broken down in the accounts receivable subsidiary ledger, where it indicates specifically who owes the money.

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