An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

The money due from all customers for merchandise or services delivered on credit. The total figure would be shown on the balance sheet as an asset If you plan to sell goods or services on account in ...

When a company's managers take action to make the business a competitive force, accounts receivable and inventory calculation are some of the topics they take seriously. Senior executives also pay ...

The collection period is the time that it takes for a business to convert balances from accounts receivable back into cash flow. This can apply to an individual transaction or to the business's ...