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What are accounts receivable?
 

ac - counts  re·ceiv·a·ble
noun, plural


Accounts receivable represent the outstanding payments (monetary balance) that a merchant is entitled to receive from customers who have purchased products or services online on a credit basis. These credit arrangements typically span short-term durations, ranging from a single day to a week, month or potentially extending up to a year. The specific timeframe is contingent upon the mutual understanding between the merchant and its customers or partner resellers.