<html><head><meta http-equiv="Content-Type" content="text/html; charset=ISO-8859-1"><title>12.2. Basic Concepts</title><meta name="generator" content="DocBook XSL Stylesheets V1.45"><link rel="home" href="index.html" title="GnuCash Tutorial and Concepts Guide"><link rel="up" href="chapter12.html" title="Chapter 12. Accounts Receivable"><link rel="previous" href="bus_ar_overview1.html" title="12.1. Overview of Business Features"><link rel="next" href="bus_ar_setup1.html" title="12.3. Initial Setup"></head><body bgcolor="white" text="black" link="#0000FF" vlink="#840084" alink="#0000FF"><div xmlns="http://www.w3.org/TR/xhtml1/transitional" class="navheader"><table width="100%" summary="Navigation header"><tr><th colspan="3" align="center">12.2. Basic Concepts</th></tr><tr><td width="20%" align="left"><a accesskey="p" href="bus_ar_overview1.html"><<<Prev</a></td><th width="60%" align="center">Chapter 12. Accounts Receivable</th><td width="20%" align="right"><a accesskey="n" href="bus_ar_setup1.html">Next>>></a></td></tr></table><hr></hr></div><div class="sect1"><div class="titlepage"><div><h2 class="title" style="clear: both"><a name="bus_ar_concepts1"></a>12.2. Basic Concepts</h2></div></div><p>Accounts Receivable (or A/R) refers to products or services provided by the company on credit for which payment has not yet been received. This is represented on the balance sheet as an asset, because the expectation is that you will receive payment soon.</p></div><div xmlns="http://www.w3.org/TR/xhtml1/transitional" class="navfooter"><hr></hr><table width="100%" summary="Navigation footer"><tr><td width="40%" align="left"><a accesskey="p" href="bus_ar_overview1.html"><<<Prev</a></td><td width="20%" align="center"><a accesskey="h" href="index.html">Home</a></td><td width="40%" align="right"><a accesskey="n" href="bus_ar_setup1.html">Next>>></a></td></tr><tr><td width="40%" align="left">12.1. Overview of Business Features</td><td width="20%" align="center"><a accesskey="u" href="chapter12.html">Up</a></td><td width="40%" align="right">12.3. Initial Setup</td></tr></table></div></body></html>
|
