WRS Energy Solutions Interview Questions and Answers

Outstanding receivable refers to the amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

• Outstanding receivable is a type of accounts receivable.

• It represents the amount of money that a company is owed by its customers for goods or services that have been delivered but not yet paid for.

• It is recorded as an asset on the company's balance sheet.

• It is impo...read more

Account receivable is the amount due from customers for goods or services provided by a company.

• Account receivable is a current asset on the balance sheet.

• It represents the amount of money owed to a company by its customers.

• It is usually collected within a short period of time, typically 30-90 days.

• Examples include invoices for goods sold or services rendered.

• Managing account receivables is important for maintaining ca