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Definition of Account Receivable in Accounting



Receivables are bills that addressed both to individuals and to other companies that will be accepted in cash (Slamet Sugiri, 2009: 43) receivable by Al Haryono Jusup (2005: 52) is right to collect a sum of money from the seller to the the buyer arising from the transaction. Receivables arise because of the credit sales to other companies.

2. Type -Type Accounts receivable generally classified into accounts receivable / business, notes receivable and other receivables.

a. Accounts receivable / accounts receivable Accounts receivable occurs because of the sales transactions on credit to other parties / companies. The receivables are bills to customers who are open, in the sense that these charges are not accompanied by a credit instrument. The receivables from the sale of merchandise and services on credit in the normal course of business operations (Slamet sugiri, 2009: 43)

b. Notes receivable notes receivable is a claim that is evidenced by the formal credit instrument. This credit instrument mesyaratkan debtors to pay in the future on the specified date, for example at least 60 days after the signing date of the notes (Slamet sugiri, 2009: 43).
Notes receivable are written promise made by the debtors (owed) to the creditors (who gave the debt) to pay a sum of money as specified in the promissory note at a predetermined time in the future. The term of the note receivable is generally at least 60 days.

c. Other receivables Other receivables include non-business receivables as loans to corporate officers, loans to employees and loans to other parties who are not related to the business (Slamet sugiri, 2009: 43). Other receivables consist of a variety of charges that are not included in accounts receivable and notes receivable. (Al Haryono Jusup, 2005: 53).

source : AKT PIUTANG pdf

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