Account and Administration Assistant Interview Questions and Answers

Accounts Receivable is the money owed to a company by its customers for goods or services provided on credit.

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

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

• Companies often have specific terms for when payments are due, such as net 30 or net 60.

• Monitoring and managing Accounts Receivable is important for cash flow and financial health of a company.