Accounts receivable refers to the time that accounts receivable in the balance sheet have been experienced from the date of the realization of the sale and the date the accounts receivable was generated, and to the balance sheet date. In short, it is the time when accounts receivable are on the books. The aging of accounts receivable for evaluating the operating performance of the sales department, speeding up the return of the money, reducing the loss of bad debts, so that the users of the accounting statements can better understand the company's asset situation.
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