What Are The Ways To Differentiate Revenue From Receivables
Source: Associated Content
Receivables are goods and/or services sold to customers on account or credit. When a sale is made on account, customers are given a certain time to pay the supplier on the purchases made. This is usually granted to repeat customers who were able to develop good business dealings with the concerned business and they pay their obligations on time. In case the customer defaults, additional revenue and receivable will be received in the form of interests and penalty charges.